Bitcoin is exploding as expected right now, and the target I mentioned a few days ago has finally come but what could be next? keep an eye on my next daily idea I will post soon today to have an idea of where the price could go.
Bitcoin retested the previous falling wedge on 07th of November last Month and now it seems to be forming a new Weekly falling wedge, it has been also making support since the 09th of March 2020, there is not much room there too between the wedge and the purple support line and could soon within the next one to two weeks make a nice move to the upside, in the 4...
Bitcoin is breaking out from a falling wedge (the time I was finalising my idea) and after it meet the target of the ascending triangle that I have posted in my previous idea before, now it seems to be going in the right direction, there is a small line of resistance there that needs to pass to see a nice pump, we could see the price at $18,385 in the next few...
Bitcoin has been looking very boring the last few days and that is the reason I didn't post any idea, it has not been very clear where the price could go and finally now it seems to be forming an ascending triangle that could be about to break in the next two days, keep an eye and good luck everyone!
There is a strong support zone that was acting as a resistance before and also the 21 EMA that passes exactly over there so there is a very strong possibility that Bitcoin could be bouncing back soon and retest the top yellow line of the channel, if Bitcoin loses support from there it could look very ugly so fingers crossed and good luck!
Bitcoin is forming a Raising Wedge, a breakout from the orange resistance line could happen within the next few hours and fingers crossed it doesn't break down, we need to keep an eye for fake outs too, good luck!
Bitcoin is going in the right direction for now but there is a big chance that it could retest the orange line first before it continue up, (it is very overbought at the moment), that was the previous resistance line that could act as a support now, we have also break an important line of previous resistance too (red line) and could also make support there,...
Ethereum could easily hit $40,000 next cycle if the top line of the indicator gets hit again, I am expecting that this could happen by May or June 2025, so be calm for now and throw fireworks after.
Bitcoin has been creating Bullish divergence in this 4 Hours Chart, on a Daily Chart too and also in a Weekly Chart too, and seems to be getting ready for something nice to come this week and maybe sooner than we think, it could be in the way to hit at least the top yellow resistance line, I have also placed another possible support blue line and sooner or later I...
Yes I want to mention this again because a trend reversal could happen sooner than later, Bitcoin is still having bullish divergence in this weekly chart and could be creating an accumulation zone before the next bull market start, so keep accumulating, this is the best zone to buy Bitcoin and you wont regret it in the long term, fingers crossed and good luck!
This doesn't look like a fake out! Bitcoin has retested the Weekly Falling Wedge and soon could be ready to move in the right direction, we have now also created some bullish divergence in the daily RSI with the highs (a couple of days ago with the lows) and all of this at the same time, that is why I am thinking that the real Bottom could be in! but we need to...
Bitcoin has retested the bearish pennant also now converted in a descending triangle and it seems to be forming a descending parallel Channel too, there is a really good chance of breaking this to the upside because there are some bullish divergence there and same as in the 4 Hours Chart so fingers crossed and good luck!
The previous Bearish Pennant has been converted in a descending triangle, Bitcoin has retested the previous support line a couple of times and is now also making resistance with the previous resistance line, the new support line has been hit two times already and could be a valid line of support also I have to comment here that we are creating some bullish...
Unfortunately Bitcoin didn't manage to breakout from this bearish pennant formation pattern and it is just getting bigger, what we would like to see is a breakout and hit the resistance top yellow line to avoid a dangerous scenario here, keep an eye for very possibles fake outs, there are two orange lines there that could stop a breakout and trigger a fake out...
Bitcoin could be in the way to continue expanding this pennant and to finally create a Symmetrical triangle, but there is still a possibility that this last one purple line breakout could be the final one and hopefully not a fake out so fingers crossed, we need to keep observing this, because this pennant is not very well defined yet and could create new lines of...
Bitcoin could soon decide in what direction will break this bearish pennant that is well known as a continuation patterns that most times break to the downside but it could also break to the upside and continue forming the descending broadening wedge and also a possible Symmetrical Triangle posted in my yesterday idea, but for now lets concentrate first in this...
In what direction will Bitcoin move next? Bitcoin could be in the beginning of a descending broadening wedge formation pattern and also in a Symmetrical triangle and at the same time is inside a bearish pennant so you decide! Let's see what plays out here first!
The Weekly falling wedge has been retested this week again and there is a strong possibility that Bitcoin bounces back from this line but if not it can get retested again next week and fingers crossed it doesn't lose the support line if not we can hit the strong support area not far from there and hopefully this zone could be the final bottom if it gets hit, also...