broadening wedge - bullish no volume div - confirms the wedge isn't fake gonna dump to 28$ then pamp to $38
My reasoning - Ascending triangle (Bearish) - No volume divergence (doesn't confirm the ascending triangle which is slightly bullish if not neutral) - if candle closes slightly higher RSI will put in a 3 drives bearish divergence (very bearish) 2 bearish 1 neutral Targets 0.35 - 0.37
Btc is putting in an ascending triangle which can also signify another bear flag, the rsi is nowhere hear overbought but it is approaching the 50 level on the rsi which means another leg down will happen( usually price falls if rsi hits 50) there is bearish volume divergence supporting the bearish pattern as well, targets are: $18200 - $18000
- Rsi has heaps to go until overbought (bullish) -Descending broadening wedge (bullish) - Main VPVR resistance high up (bullish) - No volume divergence (typically neutral but in this case it verifies the chart pattern is infact bullish) - bullish RSI divergence Longing after confirmation, a strong bullish close above upper trend line, Targets are 22k
Fat head and shoulders pattern Targets: $230-240 ‐----------------------
Shorting at 1700. Targets are 1600-1650 Reasoning: - Ascending triangle (bearish) - Volume divergence (Bearish) - Confluence of resistance between VPVR key level and upper end of ascending triangle (Bearish)
Ascending triangle formation on the 4hr time frame apex is about 28th of August expect a bullish move before that point.
- Triple bottom of RSI and being supported by 50 (Bullish) + - Bearish volume divergence (Bearish obv) - - Breakout from a descending channel (Bullish) + - Being held down by top of descending broadening wedge (Bearish) - - Approaching/Being held down by Ichimoku cloud (Bearish) - - Being held down by strong VPVR level (Bearish) - 2 Positives, 4 Negatives = Price...
If he says nothing we allg, if he says something were al f*cked
Btc is approaching supply zone and RSI is oversold condition, the perfect short.
Approaching supply zone on 15m, RSI also coming in on oversold levels.
Once the bitcoin price breaks above the supply zone on the 4 hourly the next stop is 30k due to little to no resistance from anywhere between 21k and 30k. I have identified a few key levels to watch out for and lastly, my trade is there.