MJRaddish

MJRaddish

Bitcoin Ascending Channel formed after breakout of the previous long term and short term ascending channels. Will keep updates when price targets are hit.

MJRaddish Updated 

Bitcoin is in a Ascending Channel pattern and it is showing no signs of stopping! We have broken ATH, but expect BTC to fall to healthier levels (92, 91, and 89 for maximum pain).

MJRaddish Updated 

Bitcoin has crossed back into the Bullish channel, lets see if it can sustain it.

MJRaddish Updated 

Bitcoin has had a massive move above its last resistance, at around 75k. Bitcoin looks to be topping out in the 90k's, potentially signaling a swing down back to the mean. Holding off on long or shorts, as Bitcoin is in no man's territory. Best thing to do is to risk off right now. Take profits, raise stop losses.

MJRaddish

Bitcoin is forming an Ascending Broadening Wedge on the daily. After breakout out of the long term bull flag, we have analyzed the price action and confirmed that Bitcoin key support levels are at 65k and 68k. Now that we have confirmed support, Bitcoin is forming a broadening wedge pattern.

MJRaddish

Bitcoin is gearing up for a massive move! Bull flag pattern is showing signs of a possible breakout of the long term structure.

MJRaddish

The chart is forming a Bull flag, which seems to point toward an accumulation period and possibly a demand zone at 52k.

MJRaddish

DXY's long term trend is a downtrend, so I expect DXY to continue downward around 70 points within a few years.

MJRaddish Updated 

Bitcoin is on a clear uptrend within its range. If you are late on the previous move there are still opportunities to capitalize on this uptrend. Buy the lows at 65k or the support line(s) before there is a breakout.

MJRaddish Updated 

Bitcoin is forming a descending triangle on the daily, showing clear demand zone at 59k and a decreasing resistance. Could be a bullish continuation of the weekly trend. If BTC Daily closes below 59k there could be a larger retracement back to the 200MA, 43k.

MJRaddish

Bitcoin is within a range from 62k-70k on the daily, and it created a descending triangle with the range low as support.

MJRaddish

Bitcoin possibly in B wave of ABC wave, next wave could take BTC back to all time highs.

MJRaddish Updated 

Bitcoin is on a continuous "melt up" uptrend. We could see a 75k Bitcoin very soon.

MJRaddish

Bitcoin has been a good asset to hold when it is low, so we can accumulate real commodities when we reach peak fib levels.

MJRaddish

Last bull cycle, Bitcoin Fibonacci extension predicted quite accurately the possible top for Bitcoin. This bull cycle, since we had two tops, we can create two fibonacci extensions. 94-k - 100k, 143k - 150k, and so on are good areas to look at.

MJRaddish

Bitcoin is forming a bullish pennant, once 63k is broken, we could see a 70k Bitcoin soon.

MJRaddish

Bitcoin Symmetric triangle on minute chart. Bias is to upside (64k), with some possibility we will retest the 200MA.

MJRaddish

Bitcoin dominance might reach 58-60% by May 2024, then it could retrace back to 55%, giving opportunity for altcoins to rise.