Aside from all the people thinking we're going to $3000, we seem to be in the clear on the log support trend line. It looks like we are going to head down into the buy zone and bounce off of it. Long term view, we have a gigantic symmetrical triangle that gives no clear signal which way it will break. However, we will handle that later, short term bounce off of...
ZIL moving back to touch the support. It could potentially break the support if bitcoin keeps falling, but I don't see it moving much lower. Waiting for BTC next move before I buy in, but I'll be keeping a close eye on it. It will run once it bounces off the support and BTC settles.
Massive falling wedge from lend. It looks like it may continue to bleed sideways and touch that support on more time. But with all the hype coming back into crypto, this could easily breakout of the resistance very soon.
The double top and the break of the support around $8K make BTC look like its going down in the longterm. Support around $6K from the last break, and $5.5K from before the bull run. I see it going down to around $5.5K before we see any kind of bull run. I assume the G20 summit on March 19-20 will provide some FUD to send BTC down to these prices. I wish everyone...
Really simple chart, just drew the support and resistance of the double top to keep it as simple as possible. It bounced off the support, but this doesn't mean we are safe. Very dangerous waters ahead, I hope everyone is watching this like a hawk if you are still in the market. Best of luck to everyone.
Strat will be completely dependent on BTC for a breakout, but if BTC breaks out soon, strat could see an ATH in satoshis that was set back in July. MACD signaling its time for a rise, but I dont think it will have enough momentum to break out of the resistance until news/rumors. This green candle looks like the start of another elliot wave, however, as I...
Bitcoin looks like it could complete a reversal pattern to break out of the bearish market. The moving support and resistance has been identified for the bearish market. If we hit the moving resistance and can't break it, we will see another dip. I'm optimistic we will break the resistance and enter the next bull market.
Short term idea for where BTC will go. Bearish pennant identified, current channel identified, but it will need a re-chart if it breaks the resistance of the pennant.
