MrPine

MrPine

Bitcoin on the 4H Time Frame Testing the .786 Fibinachi resistance at 59.4k Big Inverse Head And Sholders or Cup and Handle (If we discount the Left shoulder) forming on the 4H 1) Breakout Target 67000-71000 2) Breakdown & Rejection Target down at around 50k with a potential to test the EMA all the way at 41k Level. Prepare your positions accordingly and...

MrPine Updated 

Family, Friends & Followers The resent drop be it fabricated on purpose or just 'pure luck'(1) was based on misinterpreted data leading investors to believe HUGE bitcoin volumes were moving into exchanges. More specifically Gemini reported over Over A $Billion BTC inflows. People thought Wales were going to dump and traders closed their positions fearing a sell...

MrPine

There are a few points of interest for longs and take profits at the channel borders. Fundamentals are strong the wild card is the ETH listing on CME, as eth is only 20% of the total crypto market cap even if heavily shorted it shouldn't affect the overall market as much as BTC in 2017. We Will be paying close attention to price action at the time markets open.

MrPine

Previously when the all time high post halving price was broken the pullbacks got shorter and shallower with each cycle. This is supported by the trends we observed in most maturing markets, volatility drops as market cap & fundamentals develop.

MrPine Updated 

Or are we establishing a new post-price discovery trading Zone before going to 50K? What will you do in the event we break the descending triangle and go into a potential fakeout zone?

MrPine

What do you want BTC to do> ?

MrPine

The symmetrical triangle is invalidated & we entered a very familiar descending triangle pattern. A patent that we see over and over again in every big run up. It looks to be currently bouncing on the opposite side of the tri, if the bounce is locked in I believe we will get one more test of the hypotenuse pull back to mid-tri and break out close to the end of...

MrPine

The fact that alts depend on BTC is not deniable, so where do you think BTC will go in the next hour?

MrPine

Why wright something, if you are here you know that charts tell a million numbers! Where is it going? Post your ideas with % to the upside/downside bellow. Cheers Mr Pine

MrPine

A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope BTC is on the ascending line of the triangle formation giving a hint of bearishness to an overall bullish setup. Like & Follow @MrPine

MrPine

We could just break out now! Be Ready...

MrPine

Hi If you are here & reading this You are not just a regular Investor! You are a Block-chain investor! Who knows of all of the on chain Fundamentals of BTC and ALTS, the ICO market, DeFi, NFC & Contract Lending etc, has multiple wallets cold and hot. Rocking Ladgers, Trezors and most probably employed in the cryptoverse eco. You could be be a 9-5 worker too,...

MrPine

We are at a short term printed double top, BTC loves faking doubles in a hyper bull trend... Some are going to the safety of ETH that started moving to the upside... What are your thoughts? Cheers Mr Pine Looking at the overall picture i have a hunch it will blow of top at mid $18k for a consolidationary pull back.

MrPine

Let's look at the last few weeks of price action, what is it trying to tell us? BTC has turned every Resistance to Support, Just look at all the green in the chart. 7 weeks of green candles, big symmetrical tri was broken, Trading well above the all-time medium price of 10k. Now the only thing is to Secure this position but I think BTC will surprise us with...

MrPine

An ascending triangle is still providing resistance at 480 with the Psychological Resistance of an even $500 bearing additional downward pressure. The timing, fundamentals, and price action is here... will be providing updates as things unfold. Please Help with a differential opinion, if you see other patterns please comment with charts. Cheers Mr Pine

MrPine

The priest TA still stands but the Descending channel changed into a sloping wedge. Please Help with a differential opinion, if you see other patterns please comment with charts. Cheers Mr Pine Fundamentals are strong and more and more Bullish news: Over 120Million added in BTC to Grayscale, Mega banks adopting, institutional FOMO etc...

MrPine Updated 

What are you expecting> > > ? Many looking at the fear and greed expecting a big pullback when the honeybadger of crypto just reloads after breaking to the upside from the weekly long Ascending Triangle.>> Then a Red Ascending Wedge turned typically bearish, breaking down into a low volume weekend >> The purple box was the previous resistance provided early...

MrPine Updated 

This is a very Bullish sigh but do be Cautious, we are in a multi year high with the weekend (low volume) ahead. Is your reversal strategy sound if we do correct after we break the trend to the upside?>