JeanPierreDoran

JeanPierreDoran Updated 

There is a Ascending Broadening Wedge in the making. 7 out of the 10 times, this breaks to the downside. So it is very important to wait for the confirmation. Let's see how this one is going to play out.

JeanPierreDoran Updated 

The Ascending Broadening Wedge Pattern is still in play. There is a 70% chance that the pattern will break on the downside to retest ATH 2017 at around $19.800

JeanPierreDoran Updated 

Possible Tripple Top pattern. Most of the time this pattern breaks to the downside. Also the RSI is declining, which could increase the probability of this pattern to break on the downside. If this happens, the target would be around $0,52.

JeanPierreDoran Updated 

There is a Falling Wedge formation on the 1 hour chart. If it breaks, it could bring the price of BTC above the 21K level. There is also a potential double bottom, if this forms and plays out, then this could be a confirmation of the Falling Wedge. I'm curious how this will play out.

JeanPierreDoran Updated 

Possible Double Bottom on the 1H chart. After confirmation it could push the price up with another 7%.

JeanPierreDoran Updated 

- The price of Bitcoin is now in an Ascending Channel. - The volume and RSI momentum is declining. - 50% of the V-shape target is range. Often I see BTC hit 50% of the target, then reverse. There is a chance to see a correction towards the 0.5 eb 0.618 Fib in the short term. The 0.618 would be a nice target, given that the ATH 2017 is also immediately testing...

JeanPierreDoran

In both 2015 and 2018, the price of BTC bottomed out exactly in the week where the 20 MA crossed the 100 MA on the weekly chart. In both cases, the 50 MA also crossed the 100 MA and this was a confirmation of the bottom imo. In both cases, RSI was below 30 and at their all-time lows. In the week of June 13, 2022, the 20 MA crossed the 100 MA. The 50 MA is also...