De_F4cto

De_F4cto

FIbo taking shape nicely. ABC pattern confirming the range on the 4 hour. 618 extension at 7465 looking like a nice bottom for an entry and aligning with major previous resistance on the 3rd of April. If we lose 7700 it will be a great entry. We have seen big reversals in the past when the RSI reaches close to 20 on the 4 hour. Will be looking to take profit at...

De_F4cto Updated 

Bitcoin has closed above the bearish log resistance trendline on both the 4 hour and daily confirming the reversal. ABC pattern confirming the range nicely. Looking for a temporary pull back at the 9500 mark on the 618 fib ext before longs re-fuel for the next leg up.

De_F4cto

Perfect ABCD move lining up on the 4 Hour bearish fib. If the range is broken at 6580 downwards it will be looking extremely good for a reversal at the 618 fib extension in the 6000 area. lining up nicely for a double bottom as well. There is still room on the RSI for selling to get there.

De_F4cto

Bearish base trendline indicating major resistance at 6900-7000 area. Confirmed by the lower span on the Ichimoku cloud along with the 50 SMA all on the 4 HR. Needing a close above the 7200 area to potentially break the macro down trend.

De_F4cto

The bullish base trendline is holding for now, wedging against the bearish base trendline, 50,100 and 200 SMAs coiling up. Perhaps a breakout/big move in either direction in the next week or 2?

De_F4cto

IS anyone seeing this rising wedge?