Simple charting. We are forming a short term rising wedge. Continuation of the bear trend. We may bounce from 32k, we may fall out of the wedge. Price rise to test the air gap in the Ichimoku cloud but was rejected and we have fallen through the kijun and tenkan lines. We may see a bounce at just under 32k to re-test the cloud. Ultimately I think we re-test 29k,...
Just an idea I'll be watching to see if it plays out. Pattern is emerging. One seen often with this pairing. We dump to a local low, bounce to test next resistance, retrace toward that previous local low but find support earlier, retracing toward that previous resistance line, forming ascending triangle (or double bottom) and breaking through. For now, I think we...
Lets keep it brief. Chart speaks for itself. Its a slightly messy chart but things to look at are: -MACD bullish crossover combined with... -Price action now sitting above 21 day MA and the Tenkan on our ichimoku cloud combined with... -A nice airgap in our cloud for price action to aim at. If you want to be sure wait for close of today. Target should be...
Clear fractal playing out imo. People say ignore RSI for BTC but the hidden bullish div that played out over several days recently was always going to lead to this push up, why? Because it has in the past. Because it usually does. Because momentum was swinging, it just needed to take the elevator a couple floors down to pick up what it needed. The big boys have...
First close above the Cloud in quite some time (on Daily). Tenken and kijun are within the cloud so it is not a full Bullish scenario, nevertheless a bullish buy signal. Strap yourselves in.
Speaks volumes really (pun intended). Im hoping I am wrong tbh. But do you see what I see? Isn't there a huge bearish divergence playing out on the OBV indicator? Which if I am not mistaken is a strong indicator, especially where divergence is concerned.
...how good is yet to be determined. However it looks like we have some bullish div playing out on our OBV indicator. We have failed to reach the lows we saw when we last tested this price range. It doesn't look dramatic. Nevertheless it is there.
Simple charting. Besides the Bull Pennant. BTC floating in air, living on hopium. Expecting a pull back to the Tenkan. RSI is due for a re-fuel. Back to 8k soon for a breather before we charge fwd. Potentially 7.8 as well if we break 8, that would see us rest on the kumo and 50 sma.
ARNBTC prepping for launch. Rounding out bottom nicely. 50MA coming up from underneath and primed for crossing. Volume spiking recently indicating accumulation.