CryptoTraderMark10

CryptoTraderMark10

Using the line chart to make it very clear and simple. BTC is in a large pennant formation with the breakout coming early next week. The breakout will take the price to either 60K or 24K. It can go either way -- especially because it's a symmetrical triangle -- but given that we are in a parabolic uptrend we have to see this as a bull-flag pennant and the bias has...

CryptoTraderMark10

Huge bullish engulfing candle with follow-through on the next candle and now heading into a TD sequential 2 on the daily after settling back above the 10 simple and with the ALMA looking like it is about the break upwards through the 10 simple, plus stochs about to turn back upward while still way up in the bullish zone. REALLY hard to paint a more bullish...

CryptoTraderMark10

Just to update on my idea from Monday , nothing at all has changed. We still have a massive bullish divergence after a healthy pullback in a parabolic uptrend. Also notice that as we have gone sideways on the 12-hr chart, the stochastic RSI has dropped precipitously, which is typically a very bullish sign. If and when we break the top purple line at around...

CryptoTraderMark10

Doesn't mean it HAS to play out, but, per classical technical analysis, this is a no-questions-asked buying spot. We have a clear and massive bullish divergence on the 12-hr chart after a healthy pullback in a parabolic uptrend. It's really very simple and clear. Again - it can ALWAYS go the other way, especially because it's Bitcoin. But... if you know and...

CryptoTraderMark10

Past performance doesn't necessarily predict future results, but the Bitcoin monthly chart is showing us a very clear pattern based on the previous two bull markets and telling how this one could POTENTIALLY play out. 1. The YELLOW ARROWS correspond to the same point in the monthly RSI as where we are right now. 2. The BLUE VERTICAL LINES correspond with our...

CryptoTraderMark10

Seems pretty basic and obvious. BTC almost always goes back to retest a breakout point before continuing onward. A 12-hr candle close under 24000 would invalidate this and start to point to a short, but until that happens I can't see any reason to be getting bearish right here or to think that this uptrend is over.

CryptoTraderMark10

Just noticed this. The 2-day is now at its third huge bearish divergence right as it's hitting this peak trend line. A drop back down to the turquoise line, which happens to coincide with the CME gap at around 18,000, would not be surprising at all. Doesn't have to happen, but looking fairly probable right now.

CryptoTraderMark10

We are at a daily timeframe new-high top with a potential (not yet confirmed) bearish divergence. Just pointing this out. Probably a good place to take profit.

CryptoTraderMark10

I'll be watching this very long trend line and expect at least a minor pullback and consolidation period when we hit it again, which will be at around 21,500. When and if we break that trendline, that's when I think we will get a blow-off top to somewhere in the 30-34k area.

CryptoTraderMark10

Massive and perfectly shaped ascending triangle in huge uptrend. Green 2 starting after bullish engulfing green 1. ALMA curving upwards again. It's perfect. Other time frames certainly paint more bearish pictures, though. The 1-day is still a potential head and shoulders, for example, and we are sitting at a macro resistance level with the weekly way overbought on...

CryptoTraderMark10

And also on 12-hr and more recently 4-hr. Doesn't mean it has to play out, though. It could get negated. But for now -- it's a very clear bullish divergence.

CryptoTraderMark10

And bounced beautifully off middle BB band. Still see no reason at all to bearish here or to expect anything but continuation (to around 22 K - first bivouac - then to around 30K, final target). If price gets under middle BB and that become resistance, then I will get bearish and expect a drop to around 17.1K.

CryptoTraderMark10

Notice the beautiful support the 12-hour EMA ribbon has been providing all the way through this uptrend, since mid October/low 11ks. It has now supported the price once again as we await BTC's next move. Note that I've drawn the current formation as a descending channel but it can also legitimately be drawn, on certain time frames, as a descending triangle and on...

CryptoTraderMark10

It's extremely thick, and green - and we're on a TD sequential 8. I think it's possible. If we don't dump today or tomorrow and we get past the 9 while still finding support on the cloud, I would expect this area to be the start of a huge upswing. BUT -- if we start to dump, though, and break into the cloud, then we are headed to the lower blue box area between...

CryptoTraderMark10

The 4-day chart is actually providing some great intel. right now. We can see that BTC has bounced very nicely off the 21 EMA (blue line) every single time it's hit it and the price is now hitting it yet again and for the sixth time in a month. If the 21 EMA can once again support the price here, we will very likely continue to consolidate in this large pennant...

CryptoTraderMark10

The move is coming and should arrive by Monday at the absolute LATEST, if not today or tomorrow. Bitcoin has to decide and choose a direction. We are squeezing into the point of this triangle and there's just no room left. When the move comes, it's going to be a $700+ move and it will be so fast that you'll literally go to the fridge for a beer, come back, and...

CryptoTraderMark10

The one-day is providing a very clear picture of things right now. I am not going to tell you to short or to long - that's for you to decide. I'm also not going to paint weird animal-based patterns on my charts or try to convince you that we are in sub-wave a of wave D of arm 2 of Elliot Wave 5. I am simply going to present the technical analysis-based facts of...

CryptoTraderMark10

THE BULLISH SCENARIO : If we close a 12-hr candle above the pink horizontal trendline we will retest the top blue slanting trendline. If we get rejected from that blue slanting trendline we will come back to test the pink horizontal. If we break above blue trendline and close a 12-hr candle above it, we will retest the black trendline marking the bottom of the big...