Refer to previous chart for analysis. First target point is previous local high at around 33500 (~37%). Inverted hammer theory negated from previous analysis. All other patterns still hold. Descending wedge is coming to conclusion.
Bearish momentum continues with extremely low volume compared to previous break-out ATH. While trend the past few days has been bearish, the low volume is suspicious, as if bulls are waiting for the right price to push this thing to new highs. RSI is squeezing with two potential support levels on two different falling wedges. A bullish candle tomorrow would...
Once again RSI leads the way. A breakdown from this level would mean a lot of pain. However, this support level holding and confirming break-out would be a pretty standard trend-change.
ITS A CUP AND HANDLE REVERSAL PATTERN FFS. BUY ABOVE 22 SATS. SHORT BELOW 15 SATS SOME PEOPLE ARE EVEN PUTTING THEIR STOP AT 8 SATS... LIKE SON.. YOUR PORTFOLIO WOULD EXPLODE LMFAO.
Haha - I guess after you've lost a fuck ton of money you can expect the slot machine to spit back a couple singles so that you can keep justifying your gambling addiction.
Ascending wedge on chart - breakout above obviously. Play outside the playground for best results and least regrets.
Perfect profit taking position here shortly off an H&S pattern. Expect consolidation and buy dips. Profit taking would have netted you 5% premium off current prices, which is no small feat for any portfolio. Its all about earning your edge in trading - don't scoff at 5% - selling at 100 DMA was a no brainer. Now its time to BTFD and see if it rips higher....
Smooth as a babies bottom. Forget the volatility. Easy swing trade here.
Completion of adam + eve here would provide massive potential for BTC. Measured move is in the stratosphere. For conservative traders, wait until pattern completion. Short-term traders should disregard this and trade level to level. Resistance at $9k and $11k. Ultimate support @ $7k. Abandon shit below.
"analysis" on screen