Hinterland

Hinterland

The price action has astounding similarities. I'm not sure if these similarities mean anything significant but it is definitely something to watch out for. I'm very inexperienced with fractals so, if anyone would provide their insights on this, I would greatly appreciate it.

Hinterland

BTC has finally hit the bottom of the ascending channel (drawn based on logarithmic y axis). After hovering along the channel line it has had a strong bounce upwards. This is a bullish signal; however for a stronger signal, one should wait for a higher higher at above 60k to fully confirm the reversal of the trend. After it fully bounces, I expect BTC to complete...

Hinterland Updated 

With the higher lows forming, the resistance remaining very flat, and the declining volume signifying indecisiveness, this is an ascending wedge pattern. The price action can play out either way with a break out above or below the triangle. Although the higher lows may seem bullish, the risk is still too high to speculate in the bullish direction (in the short...

Hinterland Updated 

Seems like a classic "sell the news" candle. With el salvador adopting crypto today lots of people locking in profits. I still see a likely retrace at the 0.5 or 0.68 fib levels

Hinterland Updated 

The 53k resistance was rejected! However BTC found support at 51k. BTC has a strong chance of breaking 53k if it can find a strong in the 51-48k range.

Hinterland Updated 

BTC rose again to test the 52k resistance once more and for those waiting for a greater long confirmation can watch if BTC can engulf and close above the daily high of 52219.95. This would confirm the first retracement of the 51k support line and signify a much stronger buy signal (for those that still need one).

Hinterland Updated 

Yesterday the breakout out of the bullish pennant was confirmed by a strong close above the 51k level. BTC reached 52k briefly and went for a small retrace today at the 51k level. If the daily candle has a strong close above 52k the bullish pennant pattern will be completed and confirmed.

Hinterland Updated 

On the hourly chart BTCUSD has been accumulating in a descending wedge. A break has emerged signaling the formation of a new pattern. May be bullish but must monitor longer to confirm.

Hinterland Updated 

BTC looks overall bullish despite the descending channel. BTC is still holding above the 200 Daily MA and the 50 and 100 daily MA have a bullish cross. The bounce off the 0.618 level could be an indicator for a channel breakout but I will be waiting for greater movements above the channel resistance and a confirmation bounce off the channel

Hinterland

Looks like BTCUSD is losing bullish momentum in the megaphone pattern.

Hinterland

I hope i make monies jUST DREW some arrows and cirecles looks good

Hinterland

Upward trending channel minor support at 48k confirmed by 2 bounces and a larger support at around 44k. 100 MA and 50 MA converge bullishly.

Hinterland

Watch the wick of today's candle. If it is long on both ends the chance of bull or bear can be very risky and random. If the candle shows a strong rejection of lower low then there is a good chance of a bull leap the next day.

Hinterland Updated 

BTC retested the resistance twice last night and only if it breaks that resistance will we have a solid bullish signal.

Hinterland Updated 

Could still break back down so I'm going to wait until it retests. Bull volume is dwindling a bit at 338000 and I expect a move to the downside shortly. How far the downside will go depends on the whales. Hopefully it bounces back for some easy trading

Hinterland Updated 

Dunno . . . looks like breaking out?

Hinterland

Could just as well pop back down. Has not yet broken top barrier of previous channel.

Hinterland

Just drawin arrows that look pretty. I even added an ellipse this time