sjr00

sjr00

Double bottom confirmed and testing descending wedge, bullish divergence on daily (and weekly- not displayed) RSI

sjr00

Bitcoin looks like it's forming a large head and shoulders. After the right shoulder collapses, I believe BTC could see a retracement back to $10,000-$20,000. This would be an incredible entry before BTC moves up yet again before the next cycle.

sjr00

ETH has gotten rejected 3 times so far off the ascending channel it was in so far. If it gets back in, that would be bullish and I think we could see it continue the path it was following upward

sjr00

It looks like Ethereum has actually developed a long term bullish channel. A push above $2,000 before roughly March would be a break out above the channel. Anything below $1,500 would be a bearish trend reversal. In between, ETH could just bounce around in this channel and continue upwards.

sjr00

The ascending triangle is tightening. ETH is going to make some sort of explosive move in the next day for sure. I still think it's breaking bullish toward $2,000.

sjr00

ETH is in an ascending triangle. These usually break bullish. Target is a measured move close to $2000 if so.

sjr00

Republishing previous post but on the weekly time scale.

sjr00

I am surprised there aren't more charts about this on Trading View. This is an updated chart showing each of BTC's halvings and its correlation with the price of BTC. Historically, Bitcoin has broken its previous all time high a few months after each halving. Once the previous all time high is broken, it has always led to a parabolic bull run that lasts a little...

sjr00

ETH/BTC forming an upward support parabola.

sjr00

Everything still looks good. We had a pivot upward and are now re-testing the top of the handle structure. If Bitcoin can breakout and have a daily close above the ~$9,300 mark in the next couple of days, we should see some pretty bullish price action soon for BTC.

sjr00

Very bullish right now. Reason: $3 resistance broken, higher lows on RSI, rising momentum on MACD, and bullish divergence on both 4hr RSI and MACD. I expect a retest of $4 soon.

sjr00

Bitcoin's cup and handle still is intact. We are currently in the handle portion and looking for a pivot point to breakout to the upside. We could see some more downward action, perhaps to $8200 before breaking upward, but I think the handle is well developed enough that we should be getting close to a momentum shift.

sjr00

Link is in an ascending triangle. This pattern usually breaks bullish, and Link has been trending bullish for a long time. I expect it to follow the trend and break bullish. The top of the triangle is at around $5, near a psychological resistance and all time high. Right now, Link is hitting the bottom of the triangle as the RSI is cooling off from a large rally....

sjr00

Bitcoin is about to break out bullishly from a four month cup and handle. This price action would coincide nicely with the halving in May of this year. A bullish breakout from this pattern could bring us easily to $13,000 (as the low of the cup was around $6,500, about $3,500 difference from where we are today). I expect, however, that bullish sentiment regarding...

sjr00

Bitcoin is bouncing off the bottom bullish trendline formed since April 2019 and the price is slowly moving upward. The RSI has not been this oversold since 10/24/19 when BTC bulled from $7,500 to $10,500. Because of both of these factors, I believe bears are exhausted and I expect a major rally upward in the next 24-48 hours, eventually bringing us up to retest...

sjr00

It looks like the lowest BTC can go is $7850 while still maintaining the bullish uptrend since April 2019. As of this post, I consider Bitcoin still bullish, and it has only seriously tested this bottom trendline once. Bitcoin has never broken below the bullish uptrend following a bear market in the year before a halving.

sjr00

Looks like a double bottom has formed on Ethereum. Target = $300, unless Bitcoin dumps further.