Freedonia

Freedonia

The Fed likely wants a controlled, low-volatility burn on stock prices. If prices gravitate too far upward or downward from the trend channel, the Fed can adjust liquidity via the combination of QT and its Reverse Repurchase Agreement (RRP) program.

Freedonia

MA200 approaching, 0.7 Fib level after 1st-drive downtrend approaching, retest of previous "peak cycle" approaching, RSI bottoming. Seems that we are reaching the point where #Bitcoin has crushed enough "quick rich scheme" dreams to start again.

Freedonia Updated 

A test of MA200 and bull trendline before coming back to $1600.

Freedonia Updated 

A test of MA200 and 0.61 FIB level before coming back to $20.

Freedonia Updated 

A breakout is bullish if it can be successfully defended, meaning as long as BTC can remain above the breakout trend line it has significant technical room higher.

Freedonia

This is an incredible bullish pennant for #bitcoin. The longer it keeps tightening and strengthening, the more it builds breakaway speed.

Freedonia Updated 

The channel in which #bitcoin price is consolidating has been very consistent, acting as both resistance and support. A confirmed breakout (retest and hold 9k) and $BTC can target the 2018 highs at 1.618 Fib level. Failure to cross means reversal to the lower end of the channel.

Freedonia

Supports and resistances to watch next days/weeks to trade bitcoin. Pitchfork pattern on the way.

Freedonia

Let's look in detail what's happening to bitcoin price. Right now we can spot two kinds of Elliot wave pattern: a correction impulse wave pattern or an uptrend impulse wave pattern. A break above $8340, or down below $8100, would be notable. In between is just noise.

Freedonia Updated 

Lets' look at this 80 days bitcoin consolidation among lower highs & higher lows. Price action getting tight inside the triangle pattern, and if BTC doesn't breakout and trickles down to lower support, it won't hold. We are arriving to a point where something gotta give.

Freedonia Updated 

Inverse H&S + continuation of tghe symmetrical triangle pattern

Freedonia

Middle channel line is acting now as a strong support, but let's not forget that yesterday Bitcoin broke MA100 (which has been support since last february) and between three days MA200 will reach channel lower support. If instead middle channel line will held as support, then expecting a retest of the upper channel resistance will almost be a certainty.

Freedonia Updated 

Elliot wave pattern underway that could take Bitcoin price to double top previous $13.8k level. Or maybe put in play a higher high.

Freedonia

This XEM chart tells us when Alt season can begin. If we watch it carefully, whenever has been tested as support and held, Alt season begun. When tested as resistance and couldn't be broke, all Alts fell heavily. Bitcoin runs the show and its near term price action will dictate if Altcoins would be a good trade. If Bitcoin price wwill range for several weeks in...

Freedonia Updated 

Symmetric triangle which could break on the upside unless proven otherwise (wave D breaks triangle support).

Freedonia Updated 

Bitcoin Cash broke the ascending triangle resistance and could potentially fill a 20% gain from here.

Freedonia Updated 

Bitcoin is climbing the Fib mountain. If parabola holds, next target is $10,000.

Freedonia Updated 

Bitcoin is at a critical juncture here in the chart. A confirmation of the H&S pattern will be the break of the ascending support (green) and incapability to break $8400 resistance. Lack of increasing volume still remains suspect.