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Neutraltriangle

The Rise And Rise Of Bitcoin : Still Showing The Lion's Heart.#Bitcoin_Update Bitcoin is currently on a critical price level whether to decide to be in a bullish trend as it was or to see a correctional move. Currently the formation of the neutral triangle in the daily chart is a very critical one and even it makes harder to predict the following trend behavior unless we are done and see where the current candlestick close. The depicted area in red circle on this chart at around 11800$ is the main resistance line and would give us a good indication on our next outcome in the trade. - Indications on the various indicators of the trade are showing still a bullish sign for a further upward movement even though we need some correction whether it be a single Doji Candle stick or short term bearish candle sticks. - Volume is in a continuously growing mode which makes the trade still in bullish sentiment. MACD showing a bullish sign for further leg ups and RSI is also in a good bullish trend at around 65 which is showing that there is still a space for a growth. Conclusion My conclusion on this trend can't be confirmed until we close the current daily candle stick but I will try to put the scenario's that can occur with the short term on Bitcoin's trade. Scenario 1 : As I stated in my earlier ideas Bitcoin has been in an expanded flat correction and will start its reversal uptrend and it did surely did go up as I said it. On my first implication on the time where the correction ends Bitcoin just touched the 11K area of my 2 targets at that moment. After the failed impulsive wave Bitcoin once again reached my 11.6K target after a comparatively huge correction within a week. So I am still thinking Bitcoin would go further go upwards at this point and even though we still are not in a confirmed point I am thinking the most possible scenario to happen is that Bitcoin will further go towards my stated resistance levels on my previous call. - Scenario 2 : This is the second possible scenario to happen if my prediction didn't go as it is stated, which is a possible correctional move towards the 11k area first and if that test could further go down we might see the 10.6k area. But I am thinking this scenario's possibility to happen is very low seeing the trend at the current pattern formation. - Note that we are still in need for a confirmed breakout on the candle stick formation and we need some time for a confirmed move towards the trade. Expecting my Scenario 1 to happen in a high probability looking alert on the 2nd scenario too is a wise move. With Regards. @TogetherWeAccumulate Drop your LIKES if you agree with this idea. Drop your comments if you have any suggestions or argument on the idea. Besides help the community to grow by following the page. Thank You for your time. Stay Tuned and follow TogetherWeAccumulate on major social media platforms at TogetherWeAccumulate.
Long
by cryptotalk_et
Understand Why BITCOIN-Bulls Have The Upper Hand - Next Stop 14kI will here argue why Bitcoin most likely will go to 14,000 USD. Remember this is trading, so we cannot be sure of anything, and its all about probabilities. I had this scenario for a couple of days. I will not use Elliott Waves, even though we get the same result: A WXY parttern or Double Three. lI will go back to Classical Charting, and I will tell you, why the Bulls have the upper hand. We just had a good close here on the 8 hour and a decent on the 4 hour. As you can see we are inside a big neutral triangle, BUT the formation is more Bullish than Bearish though. Short term we are fighting with resistance around 11,4k USD. The bulls need to go up, so they dont get caught in the HS Formation with the 2 yellow rectangles, which acts as shoulders. But as long as we keep making Higher Lows, we will eventually make an ascending triangle, which will take us up to 11,6k, where we have resistance from the big triangle. But suddenly the big inverse HS pattern is in play, which most likely will take us further up. If we measure the distance from the Head to the neckline, and hereafter apply it on the right shoulder we will hit 14,000 USD! Here you go - And Remember That LIKE! D4 Loves You <3
BITMEX:BTCUSD.PLong
by D4rkEnergY
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