the moment of truth has finally come and bitcoin managed to break the falling wedge to the upside, we also have retested a triple bottom neckline today and bitcoin should be in the way to hit the target in a yellow line with an ascending broadening wedge formation, btc needs to stay above the neckline to avoid a rejection.
Bitcoin had made resistance today in a falling Wedge and also in a neckline of a double or even triple bottom if it fails to pass it it could form a triple top and go to at least the support line, if bitcoin breaks it could be in serious trouble and hit new lows, if it breaks out we could be for sure be heading to the resistance of the descending broadening dotted...
Bitcoin is forming a rising wedge and could break down at any point, just keep an eye on this.
Bitcoin broke a descending parallel channel and is forming a bearish pennant, lets see if it breaks down (most likely) or manages to break out, it could also breakout and form an ascending triangle, this could decide the new direction of bitcoin, good luck everyone!
Bitcoin could be about to hit the bottom this week if we lost support on this daily chart, if we bounce back up it could form an ascending broadening wedge but I think is most likely that it could break to the downside and hit the final bottom this week, Good luck everyone!
Bitcoin could be about to break this Symmetrical triangle to the downside on the next few days and hit a target of approximately $13,500, a green support line from a falling wedge pass exactly over there, keep an eye on this line because this could be the bottom that everyone has been waiting for and it could be not far from here.
It is clear that Bitcoin is almost at the bottom if not yet, there are many possible bottom lines out there and may even more, this ones are the most likely ones to be in my personal opinion in case of a new deep, good luck every one trying to catch the bottom line!
Bitcoin is inside a descending broadening wedge and at the same time inside a bearish pennant that could be about to break, it also looks like an inverse head and shoulders but I think is more likely a bearish pennant, so if this is the case we most times break to the downside, if this happens we could be in the way to hit the bottom, let's see if it manages to...
Bitcoin has flashed several indicators that could indicate the Bottom is near, but I still believe we could have another one more drop before the next cycle may commence, so be ready, we are getting closer and closer and I think it will be only a matter of a couple of weeks maximum or even days for this to happen.
Bitcoin is in a very strong support line since the end of 2020 at the moment and could break down at any time but there is a chance to bounce back from here too, if we close below this red line we could see a drop to at least the bottom line of the falling wedge but could also drop even further, the target of the Symmetrical triangle is the blue line at almost...
Bitcoin had been inside a Symmetrical triangle since the 9th of May and also inside a falling wedge since much longer, if we breakout we could be heading to hit at least the resistance of the wedge but if we break to the downside we could be heading to hit the support of the wedge too, so keep an eye on here, good luck everyone!
We could be forming an inverted cup and handle here in this 4 hours chart and also visible in the daily one, we could also observe that in the RSI, so it is clearly that we are having a curvature here and we may form a handle or not, we need to keep an eye here, at the beginning this was looking like a bearish pennant or descending triangle but every day it pass...
We are getting closer and closer to the bitcoin bottom, we could be forming a descending parallel channel that eventually could most likely breakout, we could also be forming a falling wedge and we are getting closer to hit the 200 W MA, RSI is also forming a falling wedge and stochastic RSI blue line is at 0 levels since a week ago, the maximum btc have been at...
We are making support with a bearish pennant and we could break this down at any time from now as most of the times but there are some signals that indicate we could break this to the upside and hit at least the downtrend that have been forming there dated 29th of March this year, I still think we didn't hit the bottom yet and is so close, the bearish pennant...
We are still inside our weekly falling wedge and we could continue forming it till we hit at least the 200 W MA, we could also bounce back up from there or hit the falling wedge bottom line and I am very confident that our next super bull run could commence after breaking this falling wedge to the upside, we are getting closer and closer to the bottom this is for...
Bitcoin is finding support in a very strong blue line and a falling wedge also, we broke down the ascending channel posted in my previous idea and we could still be forming this falling wedge till we hit at least the 200 W MA, we normally find support there and BTC had been only been below that line a few times in history, but going above the line and recovered...
Bitcoin had been forming an ascending parallel channel since the 27th of December 2020, we clearly bounced back from what it could have been the bottom of this channel, so fingers crossed no to break this channel to the downside, Btc have a good chance to start moving up soon believe it or not.
Bitcoin is close to a Monthly support ascending triangle and could be bouncing up sooner than you think, we want to avoid breaking this down, we could be hitting the real top that everyone had been waiting for by December this year, so fingers crossed and good luck to everyone!