Been gone for too long, computer woes... finally getting to look at my charts logged in and not on the phone.
Nothing more to add, transient zone s/r lines working like a charm.
BTC is testing our hands right now. Accumulation is a foot! Don't know if 5900 will hold, but I hope! It's the .7 fib on the 200-20k run, extremely important support! the .768/88 is pretty far down :(
I'll support you bitcoin even if I don't understand you.
Losing momentum, declining volume, RSI is on the floor on the 30, 4 hour, daily, weekly. I can't imagine we're going much lower. This is not financial advice or an recommendation to buy or sell.
What's bitcoin up to? If we break this last support level... =/. Maybe a bullish flag? Hopefully this triangle pattern holds...
Update!!!!!
This is not a recommendation to buy or sell.
I'd like to see consolidation and the rsi to reset, however maybe a push higher is in order in overbought territory before another correction back down to 7600? Either would be fine with me. I think bitcoin is a solid hold to 7.2-7k again. If it dips that low. This is not a recommendation to buy or sell. It is my opinion and should not be construed as trading...
Then a correction to 79xx-7600 This is not a recommendation to buy or sell.
Some new targets. No set time frame, expect june and july. This is not a recommendation to buy or sell.
I like this hold! 7k is still possible, 6.4k break would be bad! I think bitcoin has another wave in it before a big multiyear bear. Good luck!
SEE BELOW FOR SOME PREVIOUS TARGET ANALYSIS. (12-15K) this is not a recommendation to buy or sell.
About time this turned, tough to hold if you're in. This is one massive shakeout for sure. If the price keeps going up it will become exponential/parabolic. Just got to establish a bull trend.
If this holds 12k ballpark will be in sight.