HijackedT

HijackedT Updated 

I don't want to go everything I said in my last chart but if you want a more in-depth explanation check it out. The MACD has had a bullish crossover that should continue for some time. The RSI is indicating oversold but we should consolidate just on the downward trend line for a few days to fix that. Last time that Bitcoin made it above the downward trend line it...

HijackedT Updated 

As I said in my last chart BTC is oversold and multiple indicators are showing that it has bottomed for now. From bottoming this will allow BTC to reach its next high. I believe this will be $14,400 before the next consolidation. Looking at the chart there is a completed inverse head and shoulders pattern. This pattern is bullish and will allow us to reach the...

HijackedT Updated 

Bitcoin keeps testing the top of the downward channel but is being forced back up above with a huge volume of buys. The MACD is about to reach a upward trend line that has always lifted us out of major dips over the last 6 months. Watch for the turn around of the blue line towards the upside and the crossover. RSI is about to return to oversold so it will be a...

HijackedT Updated 

Litecoin is super oversold. Although the market is heavily controlled by BTC I still believe LTC is at a point now where it can't go any lower. Once BTC picks back up your going to wish you took the opportunity to pick up LTC cheap.

HijackedT

Bitcoin has hit heavy support on the top of the downward channel. Look at that volume. The MACD is approaching a very strong support and a reversal is already beginning to happen. The RSI still has room for movement upwards and the inverse head and shoulders pattern is still valid until the right shoulder hits the peak of the head. Overall Bitcoin is looking...

HijackedT

Yesterday Bitcoin attempted a breakout of the inverse head and shoulders pattern. This breakout failed and now bitcoin has fallen to the bottom of a upward channel. This channel has been confirmed as support because of the sudden increase in buy volume and the reversal of the fall from the neckline. I believe over the next day or two bitcoin will follow along the...

HijackedT

Within the next 24 hours we will see Bitcoins market cap rise billions. This will happen because of multiple indicators indicating towards a inverse head and shoulders pattern being completed and therefor a bullish run to begin. This run shouldn't slow down until the $14,400 range where Bitcoin will encounter its first heavy resistance.

HijackedT

Inverse head and shoulders pattern almost completed. Watch for a huge increase in volume. The MACD has had a nice cross over as well. Looking for Bitcoin to approach $14,400 level before next resistance. To safely buy in watch for a increase in volume and a candle to close above the neckline to confirm the pattern. Possible 25% increase.

HijackedT

Bitcoin is approaching the neckline of a inverse head and shoulders pattern. Once the pattern is completed there will be a huge increase in volume and price. To safely trade wait for a candle to close above the neckline and see a increase in volume. If this pattern does complete I see Bitcoin going up to $14400 to consolidate.

HijackedT

Looking across at the volume bitcoin has had since its first major dip on the 22nd of December we can see that the volume has not come anywhere near as close as when bitcoin hit $8000 on the 2nd of February. This shows that there were a lot of buyers at this level. On the chart I have marked this as major support in_gold. I believe this is where we will have the...

HijackedT Updated 

So I try and be positive with my charts as I am a investor and user of bitcoin but from todays_ price action many uncertainties have been raised. The green trend line starting back in September was tested yesterday and also confirmed as support. Bitcoin bounced nicely back above it and the market started looking positive again. Unfortunately this trend line was...

HijackedT

On the 4hr chart we can see that bitcoin bounced with a strong amount of volume back above the upward trend line. This trend line started 4 months ago in September. As I have mentioned in my previous few charts bitcoin has begun to form a head and shoulders pattern. This pattern becomes bullish at the neck line. In order to reach this we must break through the...

HijackedT

Its 3am right now I just wanted to get this chart out there and ill update it a bit tomorrow. But the main idea really is that support has been found on the upward trend line starting back in September and the price has closed nicely above it. On the 1D chart a clear head and shoulders pattern has been formed. The problem is that at some point to complete the...

HijackedT

Resistance has been found along the upward trend line starting back in September. This may be a good indication that bitcoin could be heading out of the downward channel and towards the neck line of the inverse h&s pattern. If this were to happen bitcoin would have a huge breakout. In saying that this could be the last time we see bitcoin this cheap and a new run...

HijackedT

Bitcoin has formed a inverse head and shoulders pattern. This pattern has more than enough potential to cause bitcoin to breakout of this downward channel and stay out. This downward channel has been very strong for over a month now so something like this inverse h&s pattern is necessary to break it. I talked very briefly in my last chart about this and called...

HijackedT

This consolidation is necessary for bitcoin to breakout and never return to this downward channel that has been forcing bitcoin down for over a month. On the way back up support has been created at the 10000 point. I believe this is where we will say our goodbyes to this channel and say hi to new all time highs.

HijackedT

As you can see on the chart yesterday bitcoin climbed out of the downward channel but today has fallen back into the downward channel. This won't be a big deal unless bitcoin falls below the goldd upward trend line on the chart. If bitcoin was to fall below the goldd trend line this would show that this isn't a ending to this dip that has been occurring across...

HijackedT Updated 

Bitcoin is on the path to breakout of the downward channel. A upward trend line of support (in_gold) has been formed and will likely be followed in order for bitcoin to break through the 12200 resistance point. By following this trend line within the next few days bitcoin will breakout of the strong downward channel that has been forcing bitcoin downwards for...