Hi friends, please smash the Like button! This is an update to my last BTC post on December 22 of my early prediction of an Inverse Head and Shoulder forming, long before it became the pattern everyone is charting and making YouTube videos of today. Needless to say, the right shoulder has formed! Not only that, but we also now have an ascending triangle, and a...
BINANCE:BNBUSDT formed a weekly Hammer candle mid Dec. and has been in an upward movement inside a bullish falling wedge pattern since then, putting the odds in favor of a breakout for BNB. BNB on the verge of a possible breakout. Falling Wedge: Important Bull Market Results Overall performance rank for up/down breakouts (1 is best): 49 out of 56/19 out of...
This beautiful falling wedge that FTX:BNBPERP is in says it all. Thank you for stopping by! And, as always, please Like before you go.
Hi friends! I hope today finds you well! Please click the Like button so that TradingView's algos see and share this with more people. Let's get to it. Per my post last week, I predicted that BITSTAMP:BTCUSD was forming an Inverse Head and Shoulders (IH&S) pattern. There was not yet a right shoulder formed at that time, but, per several other indicators I used...
Hello, friends! I hope you are well! It is possible that BITSTAMP:BTCUSD is forming an inverse Head & Shoulders. It is early, as no right shoulder has formed. The potential is there though. If it does I want to be ready. The plan: Let the right shoulder complete (preferably higher than the left to show bear exhaustion). Wait for a confirmation of a...
Looking at BITSTAMP:BTCUSD 's weekly chart, we see that the 200 MA is heading upwards to (possibly soon) converge and cross over the 78.60% Fib which is at $5469.89. The 200 MA is where institutions, whales, and or countries stepped in and bought at $3122.28. whereafter BTC had a 350% run to the upside. Hence, there is a strong probability that if BTC decides...
Friends, this too is interesting, as you can see, the bullish RSI and AO divergence that lead up to the Oct. 25 pump looks very similar to what is developing now. That said, we need more confirmation, and I will update as things develop. Thank you!
I spotted bullish divergence on the RSI and AO for BITSTAMP:BTCUSD on the 1D TF. I will update as it plays out. But, for now, it is a good sign in an otherwise current panic selling market. Stay tuned for updates!
" BITSTAMP:BTCUSD is hitting the bottom now, right?!" You will hear a lot of people ask that question. You will hear a lot of people try to answer it as if they know. The truth is that not one person out there knows what will happen next or where the bottom for bitcoin will be. With that said my plan is to buy at all three levels on my chart as or if we reach each one.
On Oct. 25, BINANCE:FETBTC had a +60% breakout out of its long downward trend. Even with a the current 12% pullback BINANCE:FETBTC is at +48%. Also, the 61.80% Fib is where the previous resistance was that FET broke out of. Add to that, the EMA 10 and 21 had a bullish crossover, the AO is flipped above 0, and the RSI is above 50. I am watching for a pullback...
I am bullish on BINANCE:XLMBTC because: Sept. 17, BINANCE:XLMBTC broke out of a descending wedge Nov. 5, XLMBTC broke out of an asymmetrical triangle Oct. 28, The SMA 50 and 100 had a bullish cross It just bounced off the 38.20% (Fib) If BINANCE:XLMBTC falls below 38.20% then 50.00%, the support line of the current descending wedge, and 61.80%...
In this post I want to point out that though BITSTAMP:BTCUSD has broken down below the SMA 50 the 61.80% Fibonacci, at this point, seems to be stepping in to save the day. If BITSTAMP:BTCUSD closes with two daily candles above the %61.80 I am entering a long position with a tight stop loss just below the 61.80% Fib.
BITSTAMP:BTCUSD broke the 200MA (red line). 50.00% Fib acted as support. 50 DSMA acted as support. If we break the 50 DSMA and the 50.00% Fib ($8693) I am watching for a test 61.8% Fib ($8340).
If have been thinking BYBIT:BTCUSD is in a bull-flag then as of now we have hit the bottom of the would-be diagonal support line of a bull flag one time (see turquoise diagonal dotted line and arrow). At the time of writing it's 2 -1 descending triangle V. bull flag. But there is another scenario that is a possibility, which is BTC in a descending triangle...
This is a long term outlook from the 1 week time frame. BYBIT:BTCUSD is in a bull flag that is completing itself until it breaks out, which will test the ATH. That said, I outlined a vertical red dotted support line that has been touched. If bitcoin starts to use that line as support instead of its current diagonal line bitcoin will have gone into a descending...
Bitcoin may be in a descending triangle versus a descending wedge as many people think. I’m not sure which one it is in yet which is why my prior chart was of a descending wedge pattern which theoretically should end with a breakout of the falling wedge. In the case of a descending triangle such as I am drawing here we should theoretically break to the downside....
I think it is obvious that COINBASE:BTCUSD is now in a bull flag. Here I am showing where we could be after the breakout of this bull flag. I also used the Fib to show hidden lines of potential targets. If we go by the pole alone we will end up just below 20K and if we add the hidden lines the Fib shows as a potential target we are looking at just above 20K. I...
BYBIT:BTCUSD is at a pivotal moment. Let us see a successful flip of R/S to call a new support level. If we do I will by some longs. If we don't, I will sell shorts.