$BTC Potential Head And Shoulders Pattern Formation in Daily TF + fibonacci resistance at 0.618 Target is $27-28k (descending channel lower line)
Bitcoin has clearly formed a Double Top which indicates for a bear market for the coming months Looks like price will tank to $11-12k by next month..
Seems like Bitcoin is heading to the top trendline of the channel (see chart).. Long targets: Target 1: $78k Target 2: $81.3k
Bitcoin is clearly moving in a huge bullish channel. Target is $77k~ which is the top trend line of that channel..
Looks like $BTC is moving in a big downtrend channel and has now reached the upper trend line of that channel. Also, a heavy resistance at fib retracement 0.618 which is also a previous support that act now as a resistance. Well, it depend on Tether and Binance "stable" coins printers... but I think we will see a long red candles again from next week.
Turned out to be fake news used by manipulators to pump $BTC... it should back now to where it was before.
I’m taking profit.. see you in the next dump
Rising Wedge + Hidden Bearish Divergence on 1h TF
All the roads lead to 20k~ Huge Head & Shoulders formation Bear Flag + Descending Triangle Downtrend channel resistance line
Bitcoin forming a bearish Head and Shoulders in the weekly, target 19k-20k 🚨
Bitcoin seems to be moving in an uptrend channel in 4h TF, still waiting for the next 4h candle to confirm that... Both STO & RSI are oversold.
Symmetrical triangle formation on the daily TF. Watching for breakout or breakdown from triangle to determine whether it is long or short Support + Resistance levels stated on chart
So far Bitcoin moved exactly as I predicted. What Next? Bearish Head and Shoulders spotted on the 4h TF 📉
Bitcoin reached my first short target which is the lower trendline of the Bear Pennant, If break below the lower trend line then it's a good short opportunity for me. RSI and STO are oversold so that might push the price a little bit up.
Rising wedge in the 1H + Bear Pennant trendline resistance Good Short Opportunity
Bitcoin reached my long target (up 8%) which is the upper trendline of the Bear Pennant. I don't think it can break above the top trendline at 38-39k but in case it happens i'll go long, otherwise, I will look to go short.
Bitcoin is forming a Perfect Bear pennant on the 4H
BITSTAMP:BTCUSD Support levels: 20k & 11-13k