JoelRBishop

JoelRBishop Updated 

Using the daily pivot and fibonacci levels, my current target for bitcoin is 18k. You can see the previous pivot line in blue which can be used to find targets based on past support/resistance levels. This 18k level also has confluence with the 1.618 fibonacci extension based off the first wave down from the top.

JoelRBishop Updated 

I am expecting further downside in Bitcoin. When looking at the net buying/selling pressure, the current time looks very similar to August 2019. After the current dead cat bounce, we can expect to test 26k support and possibly lower. The white/grey line represents the net buying/selling pressure on the indicator. You want to look for crosses above and below the...

JoelRBishop Updated 

Looking at the 6D chart with Ichimoku cloud, it definitely seems possible that bitcoin may continue to drop. The way the current candle is hanging from the Kijun does not look very good. There are more support levels that could be tested such as 26k, 18k, 15k. We should play close attention to the bitcoin price action today along with watching the 4D and 5D...

JoelRBishop Updated 

Bitcoin has retraced 50% of the first impulse wave from the bottom and touched the bottom of the 15M ichimoku cloud as support. Looking for longs as continuation to 50k area.

JoelRBishop Updated 

Bitcoin dipped into supply and could spring back to the 50k area. Target 50 - 54k.

JoelRBishop Updated 

When using the Ichimoku indicator, it is usually a good idea to enter a trade in the direction of the trend when you see the Tenkan & Kijun close together and when the Tenkan, Kijun, and Cloud have sharp angulation pointing to the future price of the asset. You can see in the chart that this was the case previously as the price rose, now it could be the same case...

JoelRBishop Updated 

Using the Istanbul by MM indicator by @baymucuk we can find targets. As he says when introducing the indicator, "Istanbul is a smart support/resistance indicator based on price action. It analyzes price with different lengths and decide where is the high volume and reversal pattern." Looks like we should be going to 30k and lower in the future. Buckle up.

JoelRBishop Updated 

Currently we are testing a major support level on the 2D chart. If this support breaks, the downside may begin to pick up speed.

JoelRBishop Updated 

First we take the 1D Kijun line and add it to our 3D chart where we recently observed the TK cross to the downside. This will serve as a major level that we could revisit in the short term. Second we look for our long term support area. I see this being around 30k due to volume and the long/flat areas of the 3D Kijun and the 3D Cloud. Third we look for an...

JoelRBishop Updated 

3D Ichimoku TK crossdown in progress. Could be the start of bear market. Target the longer, flat areas of the cloud and kijun.

JoelRBishop Updated 

As described by @RafaelZioni, the Red Line is an indicator that is a: "simple script that give easy indication on the state of your asset above the red line is bullish below is bearish the line is based on modify level of regular pivot S3 without the MTF function" Bitcoin is now below the Red Line on the daily chart and falling into bearish territory. Could...

JoelRBishop

Price broke out of the rising wedge to the downside. Target is bottom of wedge formation at 47-48k

JoelRBishop

Cup and Handle pattern on BTC with target around 7300

JoelRBishop

Bitcoin Weekly Price Projection #mirrored #flipped #fractal

JoelRBishop

Looking for longs around touch of 4H Kijun

JoelRBishop

1.272 Target Hit On The Daily Extension

JoelRBishop

Head & Shoulder Pattern on Bitcoin. Target at around 9619 would close the CME gap.

JoelRBishop

1.272 Target Hit On The Weekly Extension