JakyChun

JakyChun

Lots of support and resistance here. Ma’s threatening a death cross. Stoch kinda bearish. Neat looking chart.

JakyChun

bullish divergences in both stochs indicates pump ahead. If BTC recovers and continues moving sideways, it could print another bullish divergence. The fast stoch has already started to drop, so it will be interesting to see how this plays out. However, three red heikin ashi signals for a pullback, so in the near term 9600 is still possible.

JakyChun

chart says it all. pullback to 9600 likely.

JakyChun

Looks similar

JakyChun

Pretty exciting pattern in bitcoin, the 200 ema lines up with the flag breakout perfectly. I expect a parabolic climb from here as suggested by the increasingly steep trend, but not to break the ATH. My sell targets are near the 2019 high around 14k, and near the 2017 high around 19k. After this climb I expect a post halving dump, back potentially to 10-12k...

JakyChun

I don't expect to see an ATH before the halving, or even for several months after it. The triangular cycle is not complete, one more iteration is necessary before the halving. We have yet to see a C event for this current cycle, and the B-C transition period (denoted by a yellow ellipse) is very depressed as compared to the previous cycle, but the B candle is much...

JakyChun

The descending wedge has been broken! This happened much earlier than I expected, but a win's a win. Looking forward, blue skies ahead. It appears there is a textbook symmetrical triangle (continuation pattern) forming on the 1h chart. In addition, the RSI has dropped precipitously from over 95 to below 50, while the price has traded for the most part sideways....

JakyChun

First let's look at the price action pattern. We have an upward sloping trendline that acted as support during a period of very low volatility early this year, and a downward sloping trendline that has acted as strong resistance over the last several months. Many have called this a giant symmetrical triangle and used that to call for deep drops. However, for the...