SmokeyCharts

SmokeyCharts

Watching for rejection of the RSI weekly trendline for this bull run. The bearish divergence on this timeframe is obvious but I feel the trendline is what to watch. If we can break through that trendline on the RSI I believe we can at least hit 52k till our next retest. These plays take a long time to work out due to the timeframe, but it shall be an interesting...

SmokeyCharts

As you can see Bitcoin is forming another rising wedge pattern. Two fractals show the two paths that I believe are possible. RSI has the same bearish divergence as the last breakdown of the rising wedge. I believe there will be on more pump to the top fractal possibly achieving and $80k bitcoin then a large pullback. Overall the volume looks weak and the RSI...

SmokeyCharts

We could stay at this price range of 20k-35k for over a year. Things are going to be boring and take some time off. Accumulation will be best when the macd bars flash back over. We have a long painful way to go so dont get caught up with all these crypto twitter preaching "fundamentals". Big money reacts to big fundamental news, but a 3rd world country mining...

SmokeyCharts

We should at least hit 22K if the TA holds true.

SmokeyCharts

Im shocked the rising wedge broke out to the high side, but looking at the macd and rsi we have some bearish divergences. Short time frame so we will see how it plays out.

SmokeyCharts

Sorry folks, you know which way these always break.

SmokeyCharts

Be careful over the next few days. The S&P500 is at the top of its expanding channel and starting to move down, this will put pressure on this scenario to play out as well.