barcs72

barcs72

Rising wedge on the RSI..Short term bullish but may fall out Strong Red channel Support and Resistance Currently riding a Long term yellow support line. If it holds and breaks out of the Red Channel up...BullishAF Just the way I am seeing charts...Doesn't mean I am right. I am Following the RSI Wedge close. MACD is turning Bearish on the Daily too...Something...

barcs72

Broke out of the long term down trend channel again. I think this breakout may hold though..I feel a bit of confidence not because of TA, but because 3 friends asked me about bitcoin this week. I didn't have 3 friends ask me in the entire 2018-2019 bear market. I guess we are about to find out.

barcs72

3 things to note on my chart. Massive Triangle, descending Channel and the Descending triangle. Thoughts? Bounces seem to be sticking to the Fibs.

barcs72

I could see us pumping to 9450 before an eventual dump. Might test the top of this wedge before eventually falling out of it. If it breaks up then I will be a bull

barcs72

Look at the price today!..Support zone is the top of the Cloud. Resistance is the Long term trend line from the recent June top. Bitcoin will show us soon. I have seen lots of youtubers showing BTC has already broken out. I don't think so. Its either about to pump or Dump. Only the whales know. Majority of YouTube says pump. Think Contrarian and play smart!

barcs72

Top of channel and top of cloud. Encountering significant resistance on this attempted breakout. Cmon Bitcoin!..Impress me!

barcs72

Mentioned the other day about the edge to edge play. Who says TA is garbage. Pretty easy to set a stop at cloud support. Look price follow the bottom support.

barcs72

Still following the cloud on the weekly but resistance heavy on the daily...Bulls are pressing and I am feeling FOMO so thats Bearish! Waiting for confirmation. Thinking about an E to E

barcs72

Weekly IM cloud says we are almost done the dump. At least for now. My 75 year old dad bought his first Bitcoin Sats ever today against my non financial advice so that’s bullish AF. I expect a big bounce any day now but a whale could scare all the weak hands out of this fragile market. Stay safe out there

barcs72

This Bitcoin move since June is strikingly similar to the Big Bear Market from 2018. I think we are about 2/3rds of the way through this move...I expect dumps and accumulation though at least February before next Final move up. Hopefully that move is the BIG One. The one thing I have noticed is Everyone is a Bear to 5500-6,000. Some are extreme Bears and...

barcs72

Zoom out..Quick look at the Big picture looks pretty good. Waiting for this triangle to break out... RSI holding. Need to see how this plays out but I like it.. As usual...if levels break opinions change. Keep in mind..I am not a pro trader. Just amateur opinions :)

barcs72

If I drew this right, then holy crap. This is a weekly chart. Look where the 20,000 top is and look where we bounced and stopped today. I drew this fan several weeks ago and just left it.

barcs72

If I was a Trader..which I am not :) . I would take this weekly trade soon. 1) lagging span above cloud 2) Price action above cloud 3) Cloud about to twist Green...All systems go on the weekly! Tight stops and a lot of hopium

barcs72

I have been watching the white line very closely for the last several months. It will be interesting to see if it holds? If not my next target is 8400 ish.