btins1881

btins1881

We've hit my target price of $59k upon breaking out of the broadening descending wedge (see last post). BTC appears to be forming an ascending triangle on daily tf with higher lows and resistance around $60k. With the MACD bullish crossover on daily tf, I expect BTC to break to the upside creating new ATH above $79k.

btins1881

BTC price broke above the descending wedge and now testing trend line as new support. If support holds, expecting BTC price to breakout to $59k.

btins1881

These low TF inverse and head shoulders usually play out. Still a hidden bearish divergence on daily RSI but good for quick long scalp..

btins1881

BTC is currently sitting on the lower channel that's been acting as support since December. Good spot to open a long position however, stop loss should be kept tight as price will drop quickly if the channel support breaks.

btins1881

We'll see if this plays out and BTC recovers

btins1881

Expecting bounce off the lower channel around $53k

btins1881

The price of BTC has been closely following this trend line and flipping back and forth between support and resistance since October. If we break above, we'll see BTC test the $70k region at the top of this channel.

btins1881

BTC's been following this trend line since Oct 2020. If bitcoin can get on the other side and flip resistance to support, we can see a new ATH above $60k.

btins1881

Waiting for breakout above $51k with with volume. Taking some profit at $55,780.