LanaFL

LanaFL Updated 

Hi, everyone! It was a boring week (as I promised) and BTC slow and steady painting the classical for BTC figure that we see at 9 bottoms from 10 - inverse H&S. Volume at the right shoulder confirms the pattern. Daily RSI is still on the sold side and engulfing upward. we also have an RSI convergence on daily since the last bullish daily candle. The neckline ...

LanaFL Updated 

Hi, guys! As we discussed earlier, BTC didn't manage to close the inside bar over 6200 which led to another quick drop. Now, we have a double bottom, but most interesting that price drew a very rare Dimond Pattern. Now we have a diamond bottom and breakout from 5950 will be a bullish confirmation. This pattern is rare and this is a reversal pattern that works out...

LanaFL Updated 

Quick update on BTC . Chart says it all: We broke 6180 resistance and firmly closed above. Now it paints another Bullish Flag with target at $6500 and we also have an Inverse H&S with the target right at the key resistance level - 6800. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//

LanaFL Updated 

Rising wedge at the critical point. If 2/1 Gann Fan not going to hold, I'll stay out and wait for the better entry. Target isn't terrible but will be a good test for support.

LanaFL Updated 

BTC made inverse Cup & Handle on 4H. Right now it draws a rising pennant which is a handle at the same time. 4-6H RSI overbought. Targets remain the same + measured target of inversed C&H is there too, but hidden and will be an easter egg for bulls ;) Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for...

LanaFL Updated 

Appears that it's not a triangle and we just painting a flag. Same targets, still bearish Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only

LanaFL Updated 

Hi, guys! We are currently at the wave C going to wave D(~6780) and after that, most likely will try 6980. BTC drawing a rising pennant, and target below the triangle(red lines) and highly likely will close under it, which is bearish and promising a downtrend continuation. We never see a bottom, but FOMO is really strong because we have lots of people not...

LanaFL Updated 

The previous chart is a Fool's Day joke. This one is real. We reached the target but I don't see a bottom here. This is a point of interest for many, so we can find a short-term support at 6500 and I expect a sideways between 6.5 and 7.2. Overall, trend remeans to be bearish and we are sliding down in the channel that has a 1/2 Gann Fann line as a bottom line....

LanaFL Updated 

Bullish flag formed. The flag's target 6600-6700 //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//

LanaFL Updated 

16 week Triangle that everyone was talking about seems to be a WEDGE! Here is why: Since we almost don't have wicks on the top(check it yourself on the Daily chart), we should disregard wicks on the bottom #1 rule: Wicks to wicks, body to body. If we charting it properly following this rule, we can clearly see a falling wedge and price just bounced from the lower...

LanaFL

Hi, guys! In this chart, I want to share with you the most important Support and Resistance levels that necessary to know regardless how things will unfold. At first of all, I want to bring your attention to the inverse H&S that I called a week ago. It keeps forming but with a little delay. Smaller INV H&S already was executed, target reached and we are...

LanaFL Updated 

BTC has two inverse H&S right now with targets ~7300 and 9600. We bounced from the very long-time 1.68 Fibonacci which matched RSI 30 on daily. Dips being bought, and we see a strong bulls reaction on every drop. If you already have a position, go get a cocktail and enjoy the summer, because it will take some time. I expect the right shoulder in the middle of...

LanaFL Updated 

This is an update to the previous chart since I want to clarify some details: BTC dropped to the key support level that we have seen twice since "big rally" in the same time turning from the symmetrical triangle into Descending Triangle. If 6000-6500 will hold, we should finish wave "E" first, and if the breakdown occurs at 8500-8800, the target might be ~13250...

LanaFL Updated 

Hi, everyone! BTC dropped to the key support level that we have seen twice since "big rally" in the same time turning from symmetrical triangle which is Bi-Lateral pattern into Descending Triangle, which is BULLISH. If 6000-6500 will hold, we should reach a wave "E" first, and if the breakdown occurs at 8500-8800, the target will be ~13250 at 0.5 Fibonacci. BTC...

LanaFL Updated 

Hi, guys! I'm back from vacation, and ready for new TA :) This is a long-term prediction, so let's take a look at the daily chart: BTC drew a triangle(white lines) and we are in the middle of the D wave. Despite some think that this is a wedge, it doesn't match several conditions to be it. I expect it to bounce from 7k and we should see a retracement to 8.9-9k...

LanaFL Updated 

BTC draws another rising pennant and it's about to break down. This pennant is a right shoulder at the same time, so if the neckline (7850) not going to hold, we eventually should see 7200 which is close to the line of Cup&Handle confirmation. Stay tuned * Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for...

LanaFL Updated 

BTC finishing wave E which means we are at the highest price that will be available in near future. A small flag is not broken yet, but volume declining and we are right under resistance. Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only

LanaFL Updated 

BTC at the top of the rising wedge, so turn of the FOMO :)