ChartCinema

ChartCinema Updated 

BTC Hash Rate on the weekly time frame combined with technical analysis reveals that we are in a make or break moment... It's either a Weekly Bull Flag... or a Reversal Candlestick Pattern? 🤷 The miners will decide...

ChartCinema Updated 

Could this historical uptrend line be the pit stop before a moonshot??? For long term HODLers, $10,200-ish is still a great price to accumulate since it is the median (fair price) for Bitcoin in the macro view!

ChartCinema Updated 

Story of Elliot Waves and the Mighty Bots. ♟ This game is a wave of possibilities, with Fibonacci ratios revealing probabilities. 🎲

ChartCinema Updated 

Pennants = 55% Probability Because forces of Supply and Demand... converge in the middle (so Bulls and Bears are somewhat evenly balanced). Bias is Bullish during uptrend.

ChartCinema Updated 

Admittedly, I got tricked by the Whales as price exited Trading Range with strong Bear Volume. A Test of Supply occurred below the Trading Range on low volume (no more Long stops to liquidate). Price advancing back into Trading Range on high Bull Volume confirms successful test and Spring Phase. 🚨 A break below Last Point of Support $9,350-ish will...

ChartCinema Updated 

Stopped out below $9180 😒 Bears in total control as we've exited the 5-day Trading Range with strong volume. I expect a swift 1-2 week correction, maybe 10-15%. Also, I do not recommend Shorting this, since we are less than 100 days to the Halvening and above the 200-DMA. Instead, this is you opportunity to load up on a good Long position in the next...

ChartCinema Updated 

The battle of bulls versus bears may be coming to a conclusion soon. Supply may be exhausted as upper and lower wicks attack supply zones. On the 1H chart Higher Lows or Lower Lows will expose the intent of the whales moving this market. 😬

ChartCinema Updated 

Supply versus demand dynamics had a change of character based on volume. Bulls are now in control, but must hold the retest of supply at $9,400! 🚨 A break below 9,200 with strong Bear Volume will invalidate this analysis.🚨

ChartCinema Updated 

Ideal place to go Long on Backup Test of Last Point of Support... is occurring now according to Wyckoff Theory of supply and demand testing by institutions.

ChartCinema Updated 

I would have at least 25-33% of speculative funds in a HODL position in case Bitcoin goes parabolic due to world fears of Coronavirus and upcoming Halvening. Potential parabolic line is being formed. Demand is buying up supply above the 200 Daily Exponential Moving Average and not piercing through it. Bear Volume is decreasing as price is declining =...

ChartCinema

Bearish Case: Head and Shoulders -- continuation to $7,900 Bullish Case: Falling Wedge -- breakout to $9,200

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Bitcoin may be in a Distribution Stage of the Market as Price has tagged the $9,000, but momentum of the RSI is decreasing in power. This is Bitcoin, so it can just pump to $9,400 out of nowhere. I'd be safe and trail your stop loss tighter.

ChartCinema

After 190+ Days of sell pressure during a macro uptrend... Bitcoin may be forming an aggressive Cup and Handle pattern. The handle currently appears to be a Bullish Ascending Triangle underneath the 200 Daily Exponential Moving Average at $8,150. (Over time, price can drop slightly and it may form a flag instead.) A drop below $7,600 will invalidate this pattern.