Cup and handle forming on the Daily? Possibly on RSI also. 69K is a spicy zone, Look for a quick bust!
Fib easily show's us that 64,600 64,800 is a level #btc must bust through, confirm with a re-test and bazooka! Saddle up, i see fireworks for BTC very soon.
Its been a long, grueling and rough downward trajectory for #btc these past few weeks. I have a crystal ball though and im looking at my Gucci "and it's about that time..."
Resistance in this regression channel is at an all time high and I believe, after looking at the Stoch rsi and MacD, Old Faithful may have a nice little run back as high as 64500 then receding back to hold 63500 for a bit.
What im seeing is a 1.3 trillion dollar behemoth about to put in some new highs but the question is... When? lol IDK but just look how every time it breaks below the lower fibs the candle gets bought right back up. (see arrows) Even though the FUD is being layered on by media outlets nobody is giving up on #BTC right now. Im more convinced everyday of this Tech...
Weekly shows insane rounded bottom and I believe #BTC is going up from here.
ATH is about to be smashed, of this i have no doubt but where will thing's shake out? I do see a world where BTC turns into prude and tease's us just long enough to present a Bull Flag pattern. BTC has a very nice average, breaking to the up-side about 64% of the time. Who knows though, I am very comfortable saying there is a lot left in the tank and im LONG. LET'S GO!
Hopefully BTC can maintain this level and close above 60K on the daily. This would set us up for another possible run at the ATH around 69K. That would be face melting and will make the baby bears cry tee hee. Let's Go!
I feel like BTC is going to drop down into the 55K region to test the waters. If it can find support there or gets bought up quick we may see another big move up to attempt to break the ATH. I think it needs confirmation on that upper trend line though...
Whats left in the tank on this daily candle? I never underestimate BTC though the RSI is wore out at this point I think. More selling this evening here in the States I suspect but hopefully the RSI can reset by the time Asia wakes up... Let's Go!
I love it when Bitcoin just says "F all of you" im building a new level right here, no theatrics, boring and chopping sideways. Don't let the New Bitcoin fool ya though, we gassing up the rockets and one way or another #moonboundorbustbtc Nothing to see here just yet imo, BTC has proven to me its capable of months of chop'n sideways while also now seeming less...
It's begining to look like BTC will go looking for some support down below. There is mega support around the $47500 to GETTEX:48K region. Hopefully it dips a little lower so we can sweep up some more Sats @better price. But with the Hourly and 4 hour building a bull flag i believe we will not stay below 50k for long, Bounce baby Bounce!
This looks like a bull flag on the hourly and 4 hour. We could break up
If it drops im ready with buy points going long @43678 to 47k on a ladder.
Im finely seeing the predicament BTC is in, if it happens it will be very healthy to ladder in, maybe 43k set limits 45k HOPE HOPE Lets go!
Well on the hourly and 4 hour it looks textbook break out retest time.
Resistance @52k support. Make your move Baby Bit, hourly shows move incoming
On the daily #BTC has been steadily following this trend line upwards since turning it around with the exception of 1 dip. BTC could still keep climbing but im looking for a dip and retest before breaking 52k.