Let's see if the bulls can break a new ATH! J.Crypto
Bulls need to break $58,367 to create a higher high on the weekly. Making a strong push at it now! Bulls will remain in control as long as we don't break a lower low below $43,016. J.Crypto
Time will tell, but it looks like it's shaping up this way. Bulls will make a push for another leg up to form a higher high above $58,367. Plenty of room to stay bullish on the long-term/weekly chart, bulls remain in control as long as the new higher lower is above $28,732. ~J.Crypto~
Higher highs and higher lows twice. Let's see how it plays out. Bulls will try to break $50k again, need a volume spike!
Slight break but quickly recovered. Condolidation for another leg up?!?! 🙃
Two support targets I'm keeping an eye on based on volume trading in these ranges. 1st: $51,497 2nd: $50,975 If we break these, bulls will try to hold $50,000. WORST CASE... I think we come back down to the top of the green wedge and continue bullish momentum. A break under 50K could cause a ton of panic selling though. HODL STRONG! ~J.Crypto~
$BTC bulls have been dancing just under 50K, getting pretty quickly rejected with all 3 prior ATH’s above 50k set in the past 24HRS. RSI levels continue to move lower with each attempt. MA’s rising for better support. This is the most clear break of the rising wedge I’ve been watching, and also feels the most promising. Bulls will continue to fight, let’s see...
Bulls still following the trendline and finding support on the 200 MA. Concerned with how far off the 200 MA is on the 4HR charts, but bulls are fully in control on the 1HR. ~J.Crypto~
Bitcoin price has remained pretty consistent (as far as Bitcoin/Crypto goes) over the last couple of days. You can see the bulls are holding the wedge, and we want to green trendline to remain as support as BTC works towards 50K over the coming days. Let's see if they can hold on through this consolidation! ~J.Crypto~
$BTC didn't hit 50k like we were hoping but the bulls are still in control as long as they maintain the bottom trendline as support. If it keeps this as support, we'll be testing 50K again later this week. ~J.Crypto~
$ZRX smashed through the top of the channel, but bears shut it down rather quickly as bulls lose the attempt to use the top of the channel as support versus resistance. For now we’re back playing the parallel channel, which is still a positive!
Let’s see if we can break 40k!!! Might see a retest and hopefully find support at the top pf the wedge as bulls target 40k. ~J.Crypto~
Tighter and tighter! Consolidation and finding support at the bottom of the wedge. Keep a close eye on a break one way or another! I’m betting the bulls are in full control and the price will continue up. Ideally smashing through $50k and than a retrace to using it as support. ~J.Crypto~
When you're right, you're right. :) ~J.Crypto~
$ETH has been following this channel since December. Higher highs, and higher lows. BULLS IN CHARGE! Looking like it's going to test the bull wedge (red). Likely some consolidation to come throughout the coming week. ~J.Crypto~
:) ~J.Crypto~
Bulls have tried to break over a few times now but been rejected. Bulls in control, play the channel until it breaks below! ~J.Crypto~