vkturbo

vkturbo Updated 

Basically what we have forming is a descending wedge which is a signaller that we will be having a reversal in trend. We will go up for one more touch then return downward, will also put another idea up that shows why this will be the case.

vkturbo

Break Up and then breakdown in price down to 7500 wick down to as much as 6800. As I have tried to show in the highlighted areas that the Symmetrical triangle has a lot of space which signals that it probably hasn't consolidated properly which will see it reverse its break out. When I see more patterns I will try and update as much as I can and see if we can see...

vkturbo

Just an outline from my previous post

vkturbo

As you can see we are forming an ascending wedge this is a reversal sign for the short term and its the pull back we need. We need to fill this wedge a bit more for it to become a true sign of it going down. So I'm calling BTC to hit 10k with a drop to about 7-7500k, just follow on this chart if we break out we will need to reassess it. Good luck if you are...

vkturbo

Well we have hit the 8500 seen with the patterns so with what we are seeing now thus triangle seems to be what being formed. As time progresses I'm sure the pattern will change. Currently seeing 2 ways this could go but seeing as we are above a resistance point I'm more inclined to go with the lime green line which I believe we will touch 10K then drop to 7500...

vkturbo

As you can see on this one there is a smaller ascending triangle this could mean this descending wedge will actually break

vkturbo

Basically as you can see we have a descending wedge as well as ascending triangle forming in the same area, now when you go off patterns they can change as time goes or get extended further out but when it goes sideways for a longer period it will usually point towards a more sudden rise. Watch for the volume to drop as well to signify that a break maybe coming....

vkturbo

Pattern has had to be adjusted for the drop but it's not a drop that should make everyone run for the hills just yet. If it breaks this pattern it will need to be reassessed same as I have done. No supports have broken yet and hoping for it to drop isn't a an excuse for it to drop

vkturbo

As you can see we are forming a large symmetrical triangle, as the pattern comes up into it to hit the top it will usually signify that we will track side ways then have a break out. As you can also see the movement inside of this as well. I believe in the next couple of days we will see this come and test where we seem to have a fair resistance point. If you go...

vkturbo

Just using pattern trading will be trying to give an analysis everyday to see how well I can do this. Anyway other patterns done over the last few days seem to show BTC is following well, what we currently have is an ascending triangle that is filling well and break to 8200, where we will assess its move after. Just want to start this way and hopefully as more...

vkturbo

Just going off pattern trading on BTC to basically watch it and give daily up dates on where I think it will go in this 24 hour period it should hit 8200. I will not use trend or any more of that sort of stuff this is basically track how my pattern trading is going and to have evidence I picked the right way. As you will see on the charts all those patterns have...

vkturbo

Watching the charts I can see this heading down to here but not much further for a while

vkturbo

So I have looked at the charts again and may have found a different long term support which is substantially lower than first mentioned. I have also extended the previous lines to give wedges to respect. There is also an extra support line there that is small but resistance to say the least. I'm staying neutral to this point as it's hard to see people selling...

vkturbo

You can see how many wedges have been drawn, all these were done in June or July just sitting and watching

vkturbo

Basically you can see off the chart where we seem to have support and resistance. Looking at it, it would seem we are at the point where we have solid support I would expect BTC to keep rising from here steadily. Keep watching it to the wedges which have all broken then supported and resisted. If you can't handle a loss don't through anything in it, if we did...

vkturbo

Just so you can see where I'm getting my resistance lines

vkturbo

So we have this wedge going along nicely still not much to keep on doing with this chart until some action unfolds. So anyway I have marked where I think this will break out from that resistance and follow a nice upward channel. ( I will also publish a zoomed out view of this too) So when we see a break out above where we are being held BTC should rise pretty...

vkturbo

So you will see my last chart was in the 4 hour range and as I said it was off the day. I usually try and stay out of it until what I say has happened but have a feeling some maybe really feeling it. So here is my day chart published and where I have run that trend line so you can have a look. Some are running it from the latest bottoms and saying it is a triple...