intial0

intial0 Updated 

Reasons for a bearish probability: RSI is bottoming out. Head and shoulders formation on top of a falling wedge pattern. Target: 6k bitcoin.

intial0

(Meant to say bearish rising wedge in the chart) The bearish rising wedge broke down but bounced up into the bottom resistance of the wedge and hit the key resistance of the bearish falling triangle. One should assume a short play here Use a Tight stop loss, there's potential it can break bullish

intial0

Due to the double top and rising wedge, Bitcoin is looking for a retrace before we test the key resistance.

intial0

BTC broke above resistance and is still above, implying continuous bullish movement. Until a lower high is made, or a lower low is made, BTC will remain Bulllish

intial0

BTC will be making a run up due to consolidation at support line and diagonal resistance line

intial0

Btc like to extend to large reaches. Waiting for RSI to bottom out. according to major support lines we can analyze bottom around 6k to 6,3

intial0

Last time RSI bottomed out and double bottomed was back in september and we ran from 3k to 20k. We're about to bottom out on RSI again and can potentially hit a double bottom and also bounce off bottom trend line, these two occurrences can call for a large up trend. Time will tell.

intial0

It's true, we're nearing close to a "death cross". What would it take to break out of a death cross? A huge bull flag.

intial0

Recently, we fell from a rising wedge, we are currently in a falling wedge within a channel and sustaining, short term up trend to maybe 8,650 then looks like apparent doom to 7k and hopefully we bounce off 7k for new highs to break top trend line.

intial0

Bittcoin recently broke out of the large falling wedge as predicted, we broke out and we have formed a rising wedge which indicates a short term bearish trend. 10k is target,

intial0

We saw a falling wedge in btc last month and another one that is larger now. The previous one played out perfect and we tested for a higher high but failed. We are now intersecting two supports that are diagonal lines which is the support within the middle of the big diagonal channel and the bottom support line we bounced off of in February. We will also bounce...

intial0 Updated 

We have 3 major supports at 7,6 usd. a fib level, and an x crossing in diagonal support lines

intial0

possible inverted h & s off 8,9 also a fib level, brining btc to new highs then coming down to test bottom support where we hit last on the 1 fib. the new highs from inverted h&s could bing us to bottom support around 9k