After we broke out of this triangle, we can expect an upwards move from BTC. Should be a very rewarding long trade.
I'm overall confident that we are still in a bull run but we have to be aware of some signs that indicate we might go down a bit. Last week I was expecting the price to go around $24k before seeing a correction but the immediate setup might implies otherwise. We could be forming a symmetrical triangle: On the daily we got an lower high and on the RSI we're...
It's the 3. time we aproaching the resistance of the 2017 ATH. This time with some proper backup, I think this time we gonna go up for good before seeing the regular correction of approx 30%.
Symmetrical triangle continuation pattern forming. Breakout to the upside very likely! If we do, next short term target is $20500. what do you think?
My prediction from yesterday worked out pretty much as I said. Now we are testing a new resistance at ~$18800, which served as support last week. We can expect a minor retracement at this point before breaching thru this resistance level. Next major resistance lvl would be the last month high at ~$19400 I'm not an expert! This is just my personal opinion, nobody...
Yesterday we broke from the triangle pattern wich was nicely forming and giving us a price target at approximately $18450. We didn't quite managed to go there, yet! Today we reached the price of $18250 before starting to form a continuation flag pattern, so I see a lot of hope to actually continuing the short term upward trend. I see two possibilities...
In the last week we almost went to the ATH. It was to expect that the mental resistance at this lvl would reject the price. Now we just saw a minor pullback of ~16% still giving a higher low. In case the pullback is done here, this would implies we're still bullish. We might even be able to get a green candle for the week. Nevertheless, I'm expecting to break the...