Sicklezi

Sicklezi Updated 

The green rectangles on the chart are gaps in the price over the weekend. All the immediate gaps that are relatively close below the price have been filled such as the gap from about $54500-$55200. The only gaps that remain are above the price all the way up back to $60k and you could argue the gap goes up to about $61600. There is also a bullish divergence on...

Sicklezi Updated 

Quick update Another bullish divergence in the price after a flash wick down Whales doing something???? if you want more detail look at my last idea I pretty much feel the same. This bullish divergence can also be seen in the BTC spot chart on the 4h Comment what you think and follow if you liked the idea. Also look at the related ideas or click it on...

Sicklezi Updated 

Quick idea. There is a double bottom, and we are retesting the neckline now. This seems to be a very strong support with the support from: 1. Neckline 2. bottom of megaphone 3. 0.25 pitch fan level 4. Accumulation area Based on the double bottom my price target is around $67k but also marked in the chart some more price targets as a green rectangle. One last...

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I have here some targets based on everything I could find. Although, I only have the most significant support and resistance lines shown. So, there is two triangles which I drew many of the price targets from. Ascending triangle in the blue and symmetrical in the yellow. I have two fibonacci levels that I believe will be the most important. The 1.618 level and the...

Sicklezi Updated 

We have a very important level at about $52 500 it is the .618 fib level and an accumulation level. You can also say it is the top part of a rising wedge. This makes 3 resistance forming a very strong resistance as you can see from the strong rejection when we first touched it. Also, in the RSI there is a channel that is looking a bit weak. The CCI has a bearish...

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I used projected the previous correction on to this one. It looks like it fits very well. And would follow the bullish megaphone that had drawn. Even the angles of the lines are the same. Not much to say just take a look. Here is a closer look: Comment what you think and follow if you liked the idea. Also look at the related ideas or click it on the chart.

Sicklezi

There is a resistance that has been in place since 2012 so it is very strong. When the price got there is fairly quickly got rejected. On the Weekly timeframe you can see a nice rising wedge that is now about to be broken (if you look at a shorter timeframe it is broken.) Also, it is broken on the RSI. What to look for: A close under the wedge on the daily...

Sicklezi Updated 

Super quick update. There is a triangle. I think it will find good support with the ma50 and the bottom of the triangle. If it does find support, then I am looking for $55-57k. If not, I expect the price to get to $40-42k. One of these should happen within the next 2 days. Comment what you think and follow if you liked the idea. Also look at the related ideas...

Sicklezi

If you take the two most recent pivot highs and pivot lows, you can form a megaphone. Also, if we take the channel that bitcoin is in and use the height of it to project a price target it matches very well with the upper resistance of the megaphone. I have 2 rays going from the top of the 2013 and 2017 top going to the high at $42k. They both land around the...

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So, bitcoin is in 3 channel or was. The blue and light blue channel are now broken as of today. Now there is only one channel left that is the yellow channel. The top of the yellow channel lines up very nicely with the 1.618 fibonacci extension level if you draw it from the bottom to the breakout of the most recent move (rising wedge). In the RSI there has also...

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Bitcoin is still in the channel since the end of January and since the beginning of February it has been in a rising wedge. And potentially bitcoin has been in a rising wedge since the beginning of January at the high at about $42k. Both wedges are bearish structures, but it looks like bitcoin has broken up out of both which only leaves the channel. This channel...

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There has been a resistance line since 2017 that is a 3–4-year long resistance. In the short term it is in a falling wedge which is bullish. So far it has not broken the wedge yet, but it looks like it will very soon. And it is just under the long-time resistance. If the long-time resistance is broken again that is extremely bullish for bitcoin. Also, if it...

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Bitcoin is in 2 structures here. A big rising channel and a rising wedge inside the channel. It has broken down out of the rising wedge. This can also be seen in the RSI. We are yet to see if the bottom of the channel will hold. I would watch carefully to see if bitcoin breaks under the channel or not. Potential buy areas: If you are looking to build a...

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What is seen: ETH still with the "parabolic channel" that I drew previously. It looks to have formed a very similarly to the first part of the channel. Having 4 "humps" the first one being the biggest. Right now it could be in the process of making a 4th one but it has already made 3. So far everything it touch the bottom of the channel it has been a great...

Sicklezi Updated 

I think the chart it pretty self explanatory and I'm I busy now so I'm not going to type much. I think bitcoin is in a channel as do many others. And here I compare it to the past bull run. It seems fairly similar. So we can potentially see somewhere between $61,000 and $50,000 if it continues to follow the channel. If it happens to move more like last time...

Sicklezi Updated 

What is seen: Bitcoin has formed a triangle. The opening of the triangle is about 9%. Also I have the point where it broke the top of the channel that it was in previously that was about a 13.5% rise. And from the bottom of the first big green candle is just over 23%. What can be inferred from that: After breaking out of the triangle. My first price target is...

Sicklezi Updated 

ETH has been in an ascending triangle for about a day now which is bullish. And, also finding support on VWAP. It had a small fake out which quickly went back to under the 1.618 fib level which is the blue line. This is because there was too much rooms still in the triangle at the time so it was too early to break out. More Probable Scenario: To the...

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A quick idea. This is BTC compared to USDOLLAR. For the most part you can see when USD goes down BTC goes up and vise versa. USD seemed to be breaking out of the falling wedge like it did previously that marked the end of the last bull run. But is has went back under and is continuing on a downtrend. This is good for BTC.