RSibayan

RSibayan Updated 

When the Bulls are able to defend the $10,350 (Support Line #1) the trend will reverse and price will continue to go up. Bullish signs: 1. A falling wedge (Orange Lines Converging) 2. Bullish Divergence on RSI If the Bears are able to pull the price down past $9,750 (Support Line #2), they will devour the bulls in their path. The Bull's last line of defense...

RSibayan Updated 

I've plotted the points where the prices have broken out from every consolidation since the all time low of $3,130. This showed the behavior and pattern of the price as it moved up the parabolic curve. And now this humongous pennant (yellow converging lines) needs a huge pennat pole to stand on and I've instinctively measured it proportionate to the size of the...

RSibayan Updated 

Here's how we may go up to $16K. A Bull Pennant may still play out and take us up to $16K and wick up to the 78.6% Fib level before retracing back down. Always remember to place your stops at the appropriate levels. Happy Trading everyone! Ron

RSibayan

Here's a bearish scenario. This is how we might retrace back down to the 38.2% Fib level if the Bulls are not able to push past $12K and keep that as support during the weekend. Always remember to place your stops at the appropriate levels. Just be very watchful! Happy Trading Everyone. Ron If you are very optimistic about the market and want a bullish...

RSibayan

BTCs 2 Bullish Patterns + A Bullish Divergence (New Target Updated) 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Lines) Outlook: Upward Breakout Target: $12,400-ish Bitcoin has the tendency to go the opposite way or do an "FU" move with Stop_Hunting Wicks. Always...

RSibayan

BTCs 2 Bullish Patterns + A Bullish Divergence (New Target Updated) 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Lines) Outlook: Upward Breakout Target: $12,400-ish Bitcoin has the tendency to go the opposite way or do an "FU" move with Stop_Hunting Wicks. Always...

RSibayan

BTCs 2 Bullish Patterns + A Bullish Divergence (Zoomed In Chart) 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Lines) Outlook: Upward Breakout Target: $12,300-ish Outlook: Downward Breakout Target: $9,800-ish Bitcoin has the tendency to go the opposite way or do an...

RSibayan

BTCs 2 Bullish Patterns + A Bullish Divergence (New Targets) 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Lines) Outlook: Upward Breakout Target: $12,300-ish Outlook: Downward Breakout Target: $9,800-ish Bitcoin has the tendency to go the opposite way or do an "FU"...

RSibayan

Bitcoin Has 2 Bullish Patterns Plus A Bullish Divergence 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Lines) Outlook: Upward Breakout Target: $12,500-ish Outlook: Downward Breakout Target: $9,800-ish Bitcoin has the tendency to go the opposite way or do an "FU" move...

RSibayan Updated 

Bitcoin Has 2 Bullish Patterns Plus A Bullish Divergence 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Line) Outlook: Upward Breakout Target: $12,700-ish Bitcoin has the tendency to go the opposite way or do an "FU" move with Stop_Hunting Wicks. Always remember to place...

RSibayan

Bitcoin Has 2 Bullish Patterns Plus A Bullish Divergence 2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Line) Outlook: Upward Breakout Target: $12,500-ish Outlook: Downward Breakout Target: $10,200-ish Bitcoin has the tendency to go the opposite way or do an "FU" move...

RSibayan Updated 

2 Bullish Patterns, A Descending Broadening Wedge (Blue Lines) , and a Falling Wedge (Yellow Lines) Plus: A Bullish Divergence (Green Line) Outlook: Upward Breakout Target: $12,700-ish Bitcoin has the tendency to go the opposite way or do an "FU" move with Stop_Hunting Wicks. Always remember to place your stops at the appropriate levels. Happy Trading...

RSibayan

Hello Traders, Here's just one of the hundreds of possibilities where Bitcoin might go from today moving forwards into the next 2 weeks. Nothing is guaranteed. Momentum has not been strong as expected from the breakout from yesterday and steam may be running out as we hit the $13,800-$14K-ish levels. If and when we break out of our recent ATH of $13,800, we...

RSibayan

Hello Traders, Here's just one of the hundreds of possibilities where Bitcoin might go from today moving forwards into the next 2 weeks. Nothing is guaranteed. Momentum has not been strong as expected from the breakout from yesterday and steam may be running out as we hit the $13,800-$14K-ish levels. If and when we break out of our recent ATH of $13,800, we...

RSibayan

Great start for the week! Bitcoin Cup Of Coffee Outlook: Bullish Short Term Target: $13,000 If the price drops past the blue upward trending support line, the pattern fails. Check out the potential mid term direction of this upward trend: Always remember to put your stops at the appropriate levels. Happy Trading everyone! Ron

RSibayan

Bitcoin Extended Consolidation Phase Moving Towards A Bull Run Outlook: Bull Run Target: $16,000 Check out the other scenarios that may play out: Bitcoin Bull Flag - Bullish Scenario Bitcoin Descending Broadening Wedge - Bullish Scenario Bitcoin Descending Broadening Wedge - Bearish Scenario Bitcoin Descending Broadening Wedge - Neutral...

RSibayan Updated 

Bitcoin Descending Broadening Wedge - Neutral Scenario Outlook: Consolidation phase

RSibayan Updated 

Bitcoin Descending Broadening Wedge - Bullish Scenario Outlook: Bull Run Target: $16,000