blakester1111

blakester1111

BTC recently broke out of the recent symmetrical triangle that had been forming over the past week. Currently price is headed back up to the lower support line of the triangle for a possible retest. At this juncture we could see 1 of 3 different things: 1. A retest of the broken support line of the triangle and then further correction down to the 23,800 region...

blakester1111

Last night BTC broke the symmetrical triangle it was forming. If the break confirms we will have a target at the blue arrow around 23,800. Or this could be a fake out. The other possibility is that a large triangle is forming. Several different options at this point to be clear.

blakester1111

Bitcoin has broken it's longer term wedge and has been moving above it for the last several days. There is a very clear divergence on the OBV RSI on the 4hr, OBV RSI & Twiggs MFI on the 8hr and Twiggs MFI on the 12 hr. Failed higher highs all over the place when comparing indicators to price. Breaking this wedge back to the downside would provide large players an...