evanmtz

evanmtz

Descending triangle but i say we'll see a break upward instead of downward once we hit that horizontal line of the triangle. In the mean time, I'll be buying the dips.

evanmtz

Haven't seen anyone draw this pattern yet but this is what everyone needs to see right now. Although this is a bull pattern, I'm leaned more onto the bear side mainly cause of all the news that's been releasing. I personally think it was just to make people fomo in and try and make the bull market resume which won't happen anytime soon. We still need that dip...

evanmtz

Bitcoin has a lot coming for it these next few weeks and I honestly can't wait for it. Bearish momentum on both the Ichimoku Cloud and MACD are weakening. Bears also failed to get a MACD and tenkan-sen crossover and instead seem to be turning bullish. Candles are also making higher lows on the daily timeframe which hasn't happened in a while. Makes sense...

evanmtz Updated 

Last swing went great and it's currently looking good for another swing set up. Price broke out of a rising wedge in the 1hr timeframe which is both a bearish chart pattern and a bearish signal. MACD is about to cross on the daily timeframe and Ichimoku cloud is still thick meaning strong momentum is there. Expecting more dump in the next coming weeks so I set...

evanmtz Updated 

It's been about 4 months since I last posted something so here are my thoughts on Bitcoin. Despite all the good fundamentals it's been receiving, I'm still bearish on Bitcoin till it reaches the 20k support. I believe like technicals matter more in this case than fundamentals and looking at the chart, it looks completely bearish to me. We have RSI looking to...

evanmtz

With BTC breaking ATH's easily, it's fair to say BTC can reach 100k any time. Using the log scale with log curves, we can see that BTC has been retesting on the red/overbought zone. Same thing with the green/oversold zone. With that in mind, we are nearing the overbought zone in BOTH the log curves and the BTC log curves oscillator meaning we might see a big...

evanmtz

As we all know DXY is correlated with BTC in a way in which when DXY goes down, BTC start going up. With that in mind, DXY has been making lower lows creating an inverse 123 pattern. It's also respecting the trend lines that are drawn from the pitchfork indicating a strong downtrend. Although DXY has hit a major support, it still has the possibility of going...

evanmtz

Bitcoin seems to be getting ready to break the current ATH. There's hidden bullish divergence that's been made which indicates that there may be continuous bullish pressure. There also seems to be a 123 pattern forming on the chart but I can't say for sure that its forming that pattern till it breaks the current ATH which is 42k. If it breaks it, we may see a...

evanmtz

If you refer to my last post, the move I predicted seemed to have happened. It wasn't EXACTLY 32k but it was near it. My last post wasn't very clear so I tried to use rectangles to make them clearer. I measured the breakouts bitcoin has taken from the low of the first breakout to now. Going by the sizes of the breakouts, bitcoin might find resistance...

evanmtz

I measured the size of the breakouts bitcoin has been taking and they seem to be the same size. Other than the fact that the percentages of the price ranges are different, the sizes are the same. With that in mind, I aligned the price ranges starting from the low of where the first breakout happened, then the 2nd low of the 2nd breakout to now which I believe...

evanmtz

Simple support and resistence analysis. Scalpers buy right now and wait for 23600 retest or breakout.

evanmtz

You could short right now, but I feel like it's too late to take the short trade now. The safest bet is to wait till it retests 22180, open long and set TP at 22900-23k and SL right at 22k. I was originally going to show it on the 5m chart but tradingview isn't letting me publish anything less than the 15m timeframe. PS: Don't worry about the green circle in...

evanmtz

This pattern has happened a while ago and the result ended in the market going down. BTC has gone up drastically and I believe at one point it'll go back down to maybe 9000 or even lower. If the candles stay in the purple zone, get ready to sell. If the candles keep going in an uptrend, it'll most likely reach 12-13k in no time.\ For now, I think the market...

evanmtz

There's no doubt Bitcoin will surpass 11k and then it'll go back to 7-8k. You can see it's been respecting the trend line i drew meaning there will be a breakout for sure. I'm not sure when the breakout will happen because it can happen at any moment, but i am firm on my decision, it WILL surpass 11k. Once a candle enters the golden section, its a win and we...

evanmtz

Open long like right now if you want to make profit off of this trend while it lasts. My hypothesis is that once a candle enters the golden section and touches 10.5k, it'll probably keep on going up till it touches 11k. After that, obviously there will be a breakout afterwards going down to maybe 5k-6k. and NO it will not reach 20k unfortunately. The chances of...

evanmtz

If a candle manages to make it in the yellow section (which is what will most likely happen) everyone WILL BUY/open long. So be ready for that. Not today but in a few days, there will be a breakout surpassing 10.5k or 11k, then it'll keep on going in an up trend till it probably reaches 13k because that was one of the big breakout, and it just might happen...

evanmtz

I suppose there will be another breakout going up like my trend line says and after that breakout happens, a big breakout going down will definitely happen. For now you should open long as soon as possible before the big breakout happens, or just open short to be ready for the big breakout in a few days.

evanmtz

In my previous idea i said their will be an uptrend, I still believe that there will be an uptrend but here's my analysis. After 3-4 candles touch the 10.5k resistance or even the 11k in the daily time frame (1D), there will be a breakout going down. Here's why. If you zoom the chart all the way out and look at the moment Bitcoin hit almost 20k, it had a...