CryptoYak

CryptoYak

2 Important things to note; the top and bottom wicks of this weeks candle aren’t random. the top wick hits the bottom of the rising wedge, our last major pattern and the bottom wick hits a MAJOR trendline. This is a big sign where still in a bull market but many are still wrecked so as far as market psychology goes i think were at "disbelief this is a suckers rally"

CryptoYak

Even if we get rejected around 260 it looks like we have plenty support to retest that upper trendline

CryptoYak

Seems like dash is waiting for an alt season to fully kick in before making any real gains but this could be a good buy opportunity.

CryptoYak

Will we continue to move up on the curve straight to 40k or will we get a further pullpack to 7650 starting a Huge cup and handle scenario. Historically bitcoin follows long trend curves that dont tend to break-off into patterns so im leaning towards the first scenario but theres different factors to consider this time around. Going straing up would suggest...

CryptoYak

LTC could see another 30-60% growth if we continue to bounce back to or in the previous trending channel

CryptoYak

"The safe zone" hasnt been so safe but its still a key level. If we make it back, the next step is a strong breakout upwards

CryptoYak

Picking up support were we did following the (Purple)Curve is a great sign. this could be a great time to buy if you haven’t already. theres not much resistance on the way up. RSI is low but volume says we have some time before the next big move. we should be looking at about a month of consolidation or retesting the support. Retesting this support agin anytime...

CryptoYak

we just fell below a major trend line, its certainly possible to move back above, but its more likely well be droping further. Ill be looking to buy the dip if we pick up support on the purple curve around .06

CryptoYak

we should pickup support around 250, a strong enough bounce could put us back into the parabolic cure or a new bullish trend altogether. no target yet as there are no signs were consolidating for a big move. For now etherum is still lagging far behind bitcoin.

CryptoYak

If we dont pickup support on the Purple trend line around 25-26 it could get Grimm for BNB. To be continued....

CryptoYak

Okay so the falling wedge breakout put us right back into the zone, exactly like i was hoped it would. Ive adjusted the support from 11.5k to 10.8k, because 11.5k has only held up on the short term. so all is looking good right? NOPE... I cant help but notice what looks like a H&S forming as our next pattern. Personally ill be selling on what i believe to be...

CryptoYak

Right now were trading below what im calling the "safe zone" (11.5k-13.8) however it looks like theres a bullish Falling wedge continuation forming that could take right back above 11.k; If we can maintain the "safe zone" range its likely the parabolic run will continue with 11.5k being the fourth base. If we drop further down to the 10k or even the 9k range...

CryptoYak Updated 

Everyone including me that likes to use patterns seemed to be very confused about what BTC was painting. I went back to the drawing board ignored my bearish bias and come up with this. Now it makes sense a rising wedge followed by a curve. it happened at 5k and its happening agin. Price Target is around 11.5k if resistance is broken there we can see 13k

CryptoYak Updated 

Agin this isn't a triangle. This rising wedge (bearish) should take us to 11.5k before a breakdown to around 10.5-10k. This wedge is much smaller than the last one but so is our next target. The run isnt over... I dont know if well be able to break the 11.5k resistance but im pretty sure well have a chance to retest it after the breakdown. Overall Still...

CryptoYak

my chart hasn't changed at all really since the start of the parabolic run. on the bearish side i can see a pull back to around 26.00 but im calling neutral i think well be consolidating for about a week or so before the run continues that is unless bitcoin spoils the fun... LONG live BNB happy trading!

CryptoYak Updated 

BNB blasted through hard resistance and now appears to be first out of the gate. Agree or disagree?

CryptoYak Updated 

the parabolic curve has broken i think the next pattern well see is a cup and handle that will take us down to 6200 then back up to current resistance before breaking 11700 (The Real Resistance) once we break 11700 the real bull run has started

CryptoYak

The parallel channel acting as support/Resistance might push us into the downward trend line forming a bear flag pushing us too 5900 > if we break support at 6100-6000