Bitcoin is currently at a pivotal point. If we can hold the 40k lvl, a bullish move upwards is possible. In that case, we should try to gain the previous range (45K). And a rejection of the previous range is also possible. if we can't keep the 40k lvl and close a (at least a 4 hour) candle below it, we can see a fast move towards 35/36k. The VPVR shows that...
Bitcoin, like the previous correction in early September, is making a falling wedge pattern. There are very strong similarities; -5 waves correction. -From the swing low to the swing high we can see a retracement to the 0.5 fib lvl (approximately) where it can find support. -The falling wedge ends with a double bottom before breaking through the 0.382 fib lvl. We...
VET broke out of the triangle pattern and retested the resistance line as support. We are currently hitting a strong resistance zone, once we get past it we can expect A VERY strong move. The price expectation for this pattern is 0.35 DOLLAR.
XRP prepares for an explosive move as we approach the apex of the triangle. Once we break the triangle, we can expect a price target of 2.50 EURO. This price is reached by measuring the width of the triangle. Of course w'll have to wait for an outbreak for conformation.
ADA may get bullish again in the short term! If we break the falling wedge to the upside, we can expect a price target around 3$. That would match the technical price target of the falling wedge (top).
THESE ARE THE THREE SCENARIOS FOR BITCOIN AT THE MOMENT. SIMPLE TECHNICAL ANALYSIS.
LONG TERM RESISTANCE TREND HAS BEEN BROKEN, RETEST AS SUPPORT WOULD BE BULLISH.
WHICH SCENARIO IS MOST LIKELY TO HAPPEN? BULLISH TARGET: AROUND THE 50K BEARISH TARGET: AROUND THE 22.5K
BULLISH DIVERGENCE ON RSI AND MACD, XRP REACHED THE BOTTOM? LET ME KNOW WHAT YOU THINK...
THIS IS EXTREMELY BULLISH IF WE CAN FLIP THIS RESISTANCE INTO SUPPORT !
WHAT DO YOU THINK? IT WOULD BE VERY BULLISH IF WE CAN BREAK THE WHITE TREND LINE...
WE BROKE OUT OF THE TRIANGLE AND RETESTED THE RESISTANCE LINE AS SUPPORT. WE ARE MAKING A BULLFLAG AT THTE MOMENT. IF WE CAN BREAK THE BULLFLAG TO THE UPSIDE WE COULD SEE A CONTINUATION OF THE TREND WITH A POSSIBLE PRICE TARGET AROUND $22100.
BULLISH DIVERGENCE ON RSI 4 HOURS CHART!
THE RISING WEDGE IS A BEARISH PATTERN. BEARISH PRICE TARGET WOULD BE AROUND THE $14800. THE MOST LIKELY SCENARIO. BULLISH PRICE TARGET WOULD BE AROUND THE $17800. BUT AT THIS POINT IT WOULD BE SO BULLISH THAT WE COULD GO ALL THE WAY TO THE PREVIOUS ATH AND MAYBE EVEN MAKE A NEW ATH.