jvalli

jvalli

Here's my view on Bitcoin TA price chart as we approach halving period early 2024.

jvalli

3 curve lines (cloned - orange dash) to identify support & resistance level, provides an interesting LONG TERM view on BTC. We see price action finally breaking out of the 3 curve lines (orange dash) zone for potential LONG TERM bullish position. However, within the 3 curve lines (orange dash) zone, a 2 curve lines (again cloned - solid white) is formed. We...

jvalli

Asymmetric triangle breakout level confirmed. And into a rising wedge formation.

jvalli

1. Long term support level 2. Dec 2017 high 3. H & S formation base - at support level 4. Price at 78.6 % fib level 5. Positions 1-5, anchor points for the curved resistance line.

jvalli

BTC consolidating uptrend parallel channel. Within the upper channel a rising wedge, with a typical downside result. Downside price contact to the lower channel support level and holding well so far. Expecting further consolidation in the lower channel region during Sept period. Before a breakout towards the upper channel in Oct.

jvalli

Current chart anaylsis on BTC looks very concerning Price could collaspe down to 12,000 (next fib level 100%) if it doesn't break above the 61.8% fib level mark. Furthermore, BTC price currently trading within a rising wedge formation. ***26,000 mark critical level***

jvalli

Channel 1 S&R price range confirmed. Channel 2 S&R price range active and holding. Will we see a price jump into channel 3 S&R range and thereby consolidate into a triangle formation before a breakout onto 35,000??

jvalli

For the next several weeks, I envision BTC will be consolidating. With support around $25,000 & resistance $35,000.

jvalli

We may soon see bitcoin finally breakout of it consolidation zone (grey area) and begin its new progressive uptrend channel pathway.

jvalli

Fib expansion holding strong @ 161.8% level. Solid breakout from the triangle.... positive signs towards 41711.

jvalli

BTC looking very ominous .... anyone concerned?

jvalli

With a whole lot of consolidation going on in the lower time frame, its probably time to review the monthly time frame. And what we see a clear MACD divergence in formation. Momentum strong with plenty of room to the upside. Price currently parked at resistance level 1 End of the month we should see it break out and head towards resistance level 2.

jvalli

AUD resting on strong support. Potential short trap.

jvalli

Heavy resistance conflunce in formation. 1. MACD divergence - D1, D2, D3 trendline 2. Fib level 78.6 % 3. Rising wedge

jvalli

1. Rising wedge 2. Head & shoulders within rising wedge 3. Right shoulder peak at 50% retracement 4. Right shoulder peak at resistance wedge trendline.

jvalli

Monthly channel support around 0.47

jvalli

Will we see a breakout occur today or a drop back down to previous lows of 0.5950 to form a double bottom within the descending wedge.

jvalli

By the end of the month AUD will be at it lowest level, around 0.59. In par with GFC's lowest level back in October 2008. We'll also see the formation of a double bottom evolve. A positive indication.... hopefully it will hold. The corona virus global frenzy will eventually slow down. And as it recedes, we'll begin to see the full extent of economic carnage rise...