travelstyles

travelstyles

The chart is quite clear, we had a very similar pattern one year ago with a about the same market sentiment. Bears who didn't buy the dip want it to go down, but there won't be any big dip, because the bulls are back I think we will soon see a big move to the upside. The Bollinger bands are narrowing, so a squeeze is expected In my opinion we won't crash down...

travelstyles

Bitcoin exited the parobola that it was following past month(s). After trying to re-enter in continues downwards. It seems to be forming a head-and-shoulders pattern. Right now seemingly a double top is forming for the right shoulder which means downwards movement. I also fitted a curve to the Bitcoin graph. From that it seems that possibly Bitcoin could go down...

travelstyles

It seems that Bitcoin is forming a bull trap, we will see the next hours what will happen. Alts start to come down a little too My other idea on the daily chart is still active. Right now Bitcoin is in a rising wedge. It should exit the wedge soon, very likely downwards:

travelstyles

Today Bitcoin tried to escape the rising wedge that has been forming the last couple of weeks. It got hugely rejected and will probably close the day within the wedge. When checking the weekly timeframe the RSI reached 90 today. Only 2 times in the past the weekly RSI got this high on the weekly timeframe. The result was that Bitcoin started to correct the...

travelstyles

Bitcoin is in a rising wedge pattern when zoomed out. I think it will stay withing the wedge this weekend. It will close this week with a RSI around 89-90 on the weekly chart which is extremely high. In the past Bitcoin always went down at this point. So I think Bitcoin is going down bigtime next week. Within a couple of weeks it will be somewhere around 16k - 17K