We are currently testing the .618 fib. I am personally looking to enter a long position if we are able to bounce off a higher low at the current price range. We could break to the upside of the .618 but we already got rejected 3 times in the short timeframe
It's ready to blast off and meet the next targets but it needs Bitcoin's approval. - Bullish Pattern - Medium RSI Levels - $4.2b Market cap *This idea is for training purposes only
This chart is for training purposes only
Keep an eye on the horizontal levels. Big gains imminent
Nothing much else to say
Good morning everybody, Please don't take this chart too seriously. The 15m chart starts to look like the macro chart if we draw it in a symmetrical triangle
The ideal scenario of Bitcoin should be, and this is my opinion, test 13.250 again and potentially form an ascending triangle. By doing this Bitcoin will not lose its bullish momentum, but it will reset the overbought state in the RSI and allows more upward movement in the RSI at the 4h, and 1d timeframes. In addition, Bitcoin will have more time to set the moving...
15 minutes left to buy yoyr tickets to mars
Hello! This might very well be a big moment for the USD and whole stock market. What does the Forex specialist say? Let me know
The ascending triangle is a bullish ‘continuation’ pattern that signifies a breakout is likely where the triangle lines converge. To draw this pattern, you need to place a horizontal line (the resistance line) on the resistance points and draw an ascending line (the uptrend line) along the support points.
For symmetrical triangles, two trend lines start to meet which signifies a breakout in either direction. The support line is drawn with an upward trend, and the resistance line is drawn with a downward trend. Even though the breakout can happen in either direction, it often follows the general trend of the market.
thats it for today. follow me for bitcoin and eth ideas
I believe we could easily ignore the Corona dump in order to fix the chart. There is much room in the RSI and price chart to fill the CME futures gap to stay in the high lows trend. We have still 4 months to go in the pattern. Don't rush or be impatient
Based on the sentiments I believe you will reach $400 today
It seems like $BTC is trying to break out from the descending tunnel. A measured move and the Fibonacci retracements are both pointing to the same direction. I am not a professional trader. What are your thoughts? I am looking to start a long position after we confirm the breakout