ON3M4N5H0W

ON3M4N5H0W Updated 

Hello there from Noob Central So far BTC is following the inverted H&S. It is above both the 25 EMA and 50 EMA. It has hit a little bit of resistance now at the $6930 mark and I feel has to break the $7000 mark to move on. But, there is a lot of resistance on the way up. It certainly looks to me as if BTC is breaking the bear cycle and becoming more bullish. Once...

ON3M4N5H0W Updated 

Hello there. To follow up on the previous idea, BTC is now, in my limited view, stuck between the two H&S patterns I have seen. Now, whether I am right or not, I have seen a few posts which think that BTC is in an inverse H&S, and one contributor saying BTC still heading to $4500. Personally, I would rather wait and see which pattern plays out.

ON3M4N5H0W Updated 

What exactly have I done here? Well, my inexperience definitely shows. What I have been looking for a easy to see patterns such as the teacup or head and shoulders patterns. Added to that are simple resistance/support lines which I feel are important to the price movement. In the end, I have come across a double head-and-shoulders pattern, superimposed on each...

ON3M4N5H0W

Following on from my first idea, BTC is still following the inverted head and shoulders pattern. This latest drop is because of some heavy resistance. I have tried to keep all my support and resistance lines in, so it may look busy and confusing, but so far BTC is following them. I am slightly bullish as the MACD is turning up now, as well as the RSI. The only...

ON3M4N5H0W

I am very much a noob at trading and know a few basics. What I see is BTC following a downward trend due to some serious resistance lines. It has to break these lines with some serious meaning before it will climb again like we all want.