BannanaTrader

BannanaTrader

What do you guys think? Pattern confirmed? Let me know your thoughts. God Bless, Banana Trader.

BannanaTrader

Let me know your guy's thoughts. If history repeats itself...it should be fun. God bless, banana-trader

BannanaTrader

I'm just gonna leave this chart here for you guys to come to your own conclusions. I think it's astounding how similar both charts look. Maybe it's just me, what are your guy's thoughts?

BannanaTrader

Longer-Term (4Hr) As you can see, from beginning of nov to end of dec, btc was trading in a channel and on the 23rd, it broke out. A week later, on the 31st, we got a “textbook retest” on the channel and have since barely gotten any upside. Therefore, I propose that this bullish movement is only getting started. Shorter-Term (1 Hr) On the shorter time frames I...

BannanaTrader

As you can see, the RSI has been forming a bearish divergence since 48K I believe Divergences are extremely undervalued as I've seen a very large majority of them end up playing out completely. Now, since there is a lot of positive news surrounding bitcoin about the ETF's, I would be looking to take profit sooner. (Red Lines) Be careful Traders. (Not financial advice)

BannanaTrader

Hey traders! I was looking at the RSI and I saw something kind of interesting. As you can see, the past few times bitcoin's RSI has hit 42-49, there has been a massive pump.... Well, here we are. Best of luck traders

BannanaTrader

The long-anticipated correction of bitcoin's price has taken place, with the price falling to the .382 fib. I believe this fall was not because of negative bitcoin news but because of the RSI bearish divergence which has now been corrected. That being said, I suspect that we will close the daily candle at the .5 Fibonacci around 46,700. From there, I find it...

BannanaTrader

As you can see, both the RSI and the macd have been forming bearish divergences. A crack below our trading range is likely with nearby support being around 44K

BannanaTrader

As you can see, a rising wedge has been forming on the 12 Hour. Meanwhile, the rsi has been forming a bearish divergence. A correction to the 38-42K range is likely. God Bless!

BannanaTrader

As you can see, with the rsi is forming a bearish divergence, thus it is likely that bitcoin would fall very soon. Furthermore, we are at the same resistance as the past 2 times. In conclusion, it would be likely for btc to the major support line. (42K)

BannanaTrader

As you can see, the RSI has formed a bearish divergence. Meanwhile, bitcoin has resumed the range I showed you guys in my last post. It seems like the price action should be similar to the price action of the last post I made. (Showed below) —breakout out of the range, retest, and fall. Best of luck traders!

BannanaTrader

As you can see, bitcoin has been trading in a range for a good amount of time. Meanwhile, rsi has been forming a bearish divergence. Only a matter of time before we experience a correction Blessings traders

BannanaTrader

As you can see, a bullish pennant has formed. A breakout and retest is likely. Best of luck traders! Be sure to follow and leave a like

BannanaTrader

As you can see, the MACD, RSI, and money flow, have been forming bullish divergences. (Yellow lines) Furthermore, we can see that bitcoin is rebounding off of the top end of the trading range. (Yellow lines) Lastly, there is a double bottom that has formed (circled) These all point to massive upside and breakout past 40K Be sure to follow and leave a...

BannanaTrader

It seems as tho bitcoin have been forming a breakout triangle since its peak at around 60K. Only a matter of time before we breakout... Is 100K possible by the end of the year? Doesn't look so crazy when you zoom out. Let me know your thoughts. Be sure to follow and leave a like Good luck Traders!

BannanaTrader

As you can see, bitcoin has been falling in a descending channel. Furthermore, the rsi has been forming a bullish divergence... Keeping our S/R lines in mind, it would be probable to see a breakout of the channel, followed by a bounce up to and off of the 39K line Good luck Traders!

BannanaTrader

As you can see, on the 4hr chart, the MACD and RSI have both been forming bearish divergences for a while. Since we have also been trading in a range I think it is likely that we break down out of the range and fall to a significant support (~37K) Good luck everyone! Ps: I know this is very similar to my other idea, just thought I’d provide a longer time frame...

BannanaTrader

As you can see, Bitcoin has been forming a massive Breakout Triangle...... If we take a look at the MACD and RSI we can see that they've both been forming bearish divergences. That being said, a correction and rebound off of 36,300 (since it's a main support) would be likely. Good luck