xx69

xx69

It looks like that bitcoin is in falling wedge. There is important zone about 7400$, from this zone the price should bounce up and after confirm pattern we will go up. This may be bad if we breakdown this zone about 7400$.

xx69

On the chart we can see two triangles. The old triangle (1) was breakdown with a huge dump, then the price growed up and made the triangle 2. Now price breakdown triangle 2 and support about 7500 $ waiting for us. Will be the same situations as on triangle 1 and we going to continue up? In my opinions this is one of the many possibilities in future direction of bitcoin.

xx69 Updated 

The price was confirm the falling wedge pattern as a 3rd elliot wave. After we maded the correction (4th elliot wave) to blue s/r zone and next we bounced up and completed the 1-5 elliot wave. Now we are at ABC correction which can end about blue s/r zone. After we will finish ABC correction we should going up to red s/r zone.

xx69 Updated 

The situations on the waves chart is, that we are in parallel channel. Now the price touching the support of channel. We must look for bounce up, TP may be about rezistence of channel.

xx69

There was a big pump to up as a 3rd elliot wave. Now must be correction as a 4th elliot wave, propably we will touch to red s/r zone. From red s/r zone we can bounce up to blue s/r zone and this may be 5th elliot wave. If we finish 5th elliot wave then must be ABC correction. Comment and discuss if you want.

xx69

On the chart we have parallel channel. Now the price is at rezistence of parallel channel and now must consolidation or slowly go down (in red zone) to support line of parallel channel. After that we can bounce up to rezistence of channel and next we look about the green s/r zone.

xx69 Updated 

The price break throught the falling TL and retest that breakdown. Now we are in parallel channel at lower zone. Next we can grow up to higher TL(rezistence) of parallel channel. This means that we can have TP on rezistence TL. EMA 100,200 can stop or slowdown us on the way up.

xx69 Updated 

The price breaked out the falling TL and retest. Next step was starting form triangle pattern on chart and because we broke the long falling TL, I think that we can move up, exactly to 0,618 - 1 fib. extension. Volume is very low, that confirm triangle pattern, but still we can go down. We have to be patient and wait for confirmate the pattern.

xx69 Updated 

will we finish the head and shoulders pattern and go down or the s / r zone resist and price will go up?

xx69 Updated 

XRP crossed the down TL in triangle and then price went to blue s/r zone. Now price can bounce to up from blue s/r to first TP green s/r. Next we can go up, to red s/r if price successfully cross green zone.

xx69

There we have 1-5 elliot wave + ABC correction.C wave must end on green s/r zone or maximally at blue s/r zone. Now we can bounce up from green s/r zone. We must cross red s/r zone, after that we can grow up more. On RSI we are at extremly zone, under 30, what means that we have lot of space to move up.

xx69

We should going up because on the chart is confirmed falling wedge pattern.The first we need cross up the blue s/r zone and then we will must bounced to green s/r zone, which can be TP. We must be carefuly when price will cross EMA 100,200 and blue s/r zone. At this zones price can slowdown or go down. Dont forget work with SL.

xx69

Hi, on the chart is possibilities to go down. The price bounced down from strong s/r zone and next role reversal pattern was create. We can go down to next green support and that may be the TP. What can help us is, if EMA 100 will cross the EMA 200 and the price be under EMA 100,200.

xx69

What we can see on chart is symetrical triangle. Volume is not very high. RSI is on 47 that we have space to grow up or go down. We can bounce to up from EMA 100,200 and this is reason why I think we go up. The TP can be at support.

xx69

We have the low of second wave on the support. Will we made the 3 st wave with target about 12000 $ ? Theoreticaly the 4 th wave can finish at falling TL.

xx69

There is a bearish divergence. Will we go to TL ? Or price will bounce to up from ema 100 and 200?

xx69 Updated 

Maybe falling wedge on waves ? I think yes. Waves can go up, propably.