Bitcoin closes above trend line and support line for bullish momentum to continue Bitcoin pulled back 18% and manages to close above the trend line on all days of downward momentum. Bitcoin has established support level of 17220, previous significant resistance level for the past breakout from last week Bitcoin consolidated for the past day into a triangle which...
Notice bitcoin climbing consistently being squeezed up to the channel by the moving averages. Bitcoin will soon have to choose between breaking below the moving average and a possible break down to the bottom portion of the channel or possibly break out of the channel.
Bitcoin flashing 2 buy signs while crossing 16000 #1 Candle 2 above 1 on daily on a breakout #2 Aroon still in buy zone indicating possible breakout
Bitcoin looking strong sitting right at resistance around 13200 Bitcoin has hit a 9 daily top indicating a possible short term pull back, but the Aroon is indicating buy and possible upside. This is a no-trade between 12800 and 13200 Chart pattern is building a Triangle (Bitcoin loves triangles)
Bitcoin is now on a daily 5 of 9 showing immediate 4 more days of bullish upside Weekly chart shows 4 of 9 with a longer at least 5 more weeks upside All charts indicating bullish Most important indicator showing we have not topped is the Aroon has just ticked to a bullish Buy indication All signs showing full steam ahead!
Seems the 12k breakout came in as an extension of the ascending triangle Still expecting to continue the triangle until breakout to 14500k+
Ascending Triangle is respecting the 20 day moving average Bitcoin staying in the ascending triangle pattern because of this. To fit the moving average bottom it would mean a breakout is incoming in the next few days
Bitcoin weekly is showing this breakout as official if bitcoin can hold above 9700 Daily 9 indicates bitcoin pullback to 9800-10000 region Weekly says bitcoin long term breakout has begun
Descending triangle has held up for over a week now. Looking for a breakout or breakdown shortly. How long can consolidation last in this triangle?
Perfectly rejected off the top of the short term 4 hour descending triangle which has been formed. Triangle currently extended out to July 18th before expecting a big down drop to the the middle or bottom of the BIG triangle trend BTC has been forming.
Currently rested in the larger picture triangle still getting rejected off the top If unable to break the top of this triangle and stay up, look for 5800 falling point for a good buy
BTC Price is holding strong into today's 7 count looking for a 9 daily/ combo 13 on Wednesday which will probably end near the 120 or 150 day moving average Bonus the current 4 hour chart is on a 4 and the 6 hour is on a 3
While respecting the Heikin Ashi line, Looks like we did get rejected off the 7200 price yesterday and setting up today as a Doji for a reversal tomorrow. Could be a good shorting opportunity for the brave of heart but still in a no buy zone short term.
Death cross approaching Another sell off incoming
70% chance the triangle ends in downward motions "30% chance the descending triangle breaks to the upside, and if it does it is going to break violently" ~Tone Vays