BTC-HONDA

BTC-HONDA

WIth ETH constantly ripping higher and higher, I think it liekly for BTC to follow. We have been hanging sideways for a while now without an accelerated breakdown. One is still technically possible but I think it a lot less likely now. We have been tapping the top of the resistance zone and I think we can get a breakout to 55k from here. Rising wedges have a high...

BTC-HONDA

THis is how I am wathcing the bigger picture. BTC holding the long term uptrend is fantastic. Think we will get a pullback to form either A) tighter consolidation within a symmetrical triangle before heading higher or B) A handle to a cup and handle before breaking up(See previous post for cup and handle)

BTC-HONDA

No change. Seems we maybe getting a bearish retest before lower prices. The BTC sentiment is at extreme greed atm so I think a correction to 40k-42k is most likely. After this correction is finished, I expect much higher prices. I still think the bull market is on and we will see 100k BTC

BTC-HONDA

Maybe able to get one more pump before a correction and then heading higher. Looks like a rising wedge to me that could take us to the top of channel we recently broke out of. Get a retest and then bounce. This would be a great area to form a handle to indicate more bullish PA

BTC-HONDA

No change really. I;'m still watching this as a rising broadening wedge that will pull back to the yellow area before heading to higher prices. If we start breaking above 51.5k, i will look at 59 next. The area we are at is at the top of the falling wedge pattern, our target areas. Thats why i'm looking for a correction from here

BTC-HONDA

Still bullish on the long and medium term but maybe drawing this rising wedge that could correct after we hit 52k. possibly before since I know a lot of people have been watching 52k. could take us back to about 40k once it breaks

BTC-HONDA

This is my new long term support line I am watching. If we get a decent pullback at 52k, it may imply we are going to draw a consolidation pattern before heading higher

BTC-HONDA

Seems like just a slight pullback to retest this level before going to our 52k targets

BTC-HONDA

Sorry ive been so busy but no change really. Just been continuing higher towards the 52k targets

BTC-HONDA

Still just slow bleeding. I don't currently see any setups or a reversal atm. Still looking at the 35k-36k range for support

BTC-HONDA

Looks like we may get that correction from here to the 35k-36k range. I am still over all bullish on the long and mid term but short term bearish. Stil need to beat the purple areas to hit the upper targets

BTC-HONDA

The last Rising wedge posted was invalidated. In retrospect, it looked more like a rising triangle. no breakout occurred after leaving the trend lines. We are currently above resistance in this channel. I think if we can get a good weekly close today, we should see our upside targets. If we breakdown, 35k-36k is still on the table. I am neutral leaning bullish in...

BTC-HONDA

Had a great pump the past few days but we maybe drawing a rising wedge on the 4h which will take us back to 35-36k before continuing higher. Correction after as big spike like that isn't unusual. If we break up the blue targets are where we will most likely go

BTC-HONDA

BTC: No change. Still need to beat the upper purple line and we will break out to our blue target zones. Don't have too much time to look at the charts these next 2 weeks since its the end of my business season but will look for potential setups when I can

BTC-HONDA

CUrrent LINK targets for the falling wedge breakout

BTC-HONDA Updated 

Falling wedge targets are usually the top or bottom of the wedge. The blue lines mark the current targets. 40.5k is the only resistance stopping it and its technically only the half way point. don't see a setup yet but getting a little resistance.

BTC-HONDA

Falling wedge achieved. If we can get past the 40k-42k block, 50k-52k next

BTC-HONDA

Bullish on LINK. I tihnk it is drawing a falling wedge as well. restest atleast 34 after the breakout