uBlinked

uBlinked

Bitcoin about to bounce off the 200-day moving average and start wave 3 of this Elliott impulse wave. See the overall larger inverse head and shoulders pattern we're making. This is my personal opinion and should never be the basis of your own investment methodology.

uBlinked

Hello! As you can see from my previous charts, Bitcoin has historically bounced off the 200day MA very strongly. In this case, we have the strong possibility of forming a double-bottom off the 200day MA and potentially bouncing into a HUGE inverse head/shoulders. After all this sideways movement we've formed a nice support at $10K and once we get back on top of...

uBlinked

If BTC continues this bullish trend and breaks out in the next couple days from this "Wave 2" then we'll be looking at a perfect setup for a massive inverse head and shoulders pattern. Keep an eye out for the Wave 2 breakout and a Wave 3 start.

uBlinked

Based on previous support levels, it looks like we have a good chance of dropping down to $8600 before catching support and continuing this "bull run". We're still in a down-trend until we break out of $11k

uBlinked

As you can see with the overall downward channel, Bitcoin is hitting the peak of the channel again where it decides if we're going to breakout for a bull run or if we're going to continue within this downward channel and have the potential to fall down to new lows. If you ask me, we built enough support around the $9K that I don't see is continuing this downward...

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Next level is .786 @ $12000 Need to keep above $10750 Watch out for the $11400 resistance mark (current trajectory) where we need to break in order to truly get out of this bearish (downward) path. Once we break this we've got nowhere to go but up! High target sell point is above $18500

uBlinked

BTC holding above $10K with room to run!

uBlinked

Steady resistance at .618 level - $9000 BTC Need to keep support above $8500, Fibonacci - .5 level. Bulls are keeping BTC above $8500 for a steady increase to the next level of resistance at $9000 (.618) BTC. As long as we stay above the downward wedge we're going to keep up this bullish momentum.

uBlinked

Bitcoin is finding support at the 200-day MA. This is good news for bullish movement. We have the potential to break the down-trend (forming the wedge top). Once this down-trend is broken we're finally in bulls territory. As you can see, bitcoin is riding the 200-day MA right to the crossing of the 20day MA, another significant support line. It seems BTC has...

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As you can see from previous RSI indications, historically when Bitcoin reaches such a low RSI it responds with a bullish up-trend. Now, on the way down we've formed a thick layer of resistance and this could be tough to get through. Be sure to keep an eye on these resistance levels as it could get even worse if we have a major attempt and a huge fail. Keep a...

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The past month has been rough for crypto. Have the bears finally finished their feast? Based on the well developed support levels from the sideways trading, it seems we've double bottomed and are in the process of completing a head and shoulders pattern signifying significant support for a bull run. The bull run will be difficult, as we've formed a thick...

uBlinked

Bitcoin is currently forming a wedge as it's pushed between its support and upper resistance. As it keeps moving sideways it'll be forced to move A direction. Given the history, I expect BTC to break upwards making a new support. After much consolidation with significant cash-on-hand and when there is no more room for sellers, there will be a significant uptrend...

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The significance? Every previous bull-run had a prior hit/touch at the 100-day(Blue) moving average, with a few at the 50(Green). Bitcoin attempted to make a bull-run recently from the 50 and failed, hence why it's pulling back for a reattempt from the 100. We'll continue to see downward movement until Bitcoin hits the 100-day moving average and signals an...

uBlinked

All the previous bull-runs pegged the 50-day and 100-day moving average. The last run attempt failed from the 50 (Green), and we're looking to re-engage off the 100 (Blue). We'll continue to see down-trend until 100-day moving average is contacted, if Bitcoin doesn't break through resistance after pegging the 100-day moving average it'll continue it's down-trend....

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Bitcoin is waiting for the 100-day moving average just as it had on previous runs before the surge. The most recent surge from the 50-day moving average failed to break resistance. Temporarily falling to the 100-day moving average flags an "on-sale" sign, especially after trading sideways showing strong support for a long period of time. I don't expect Bitcoin to...