RSibayan

RSibayan

Trend is your friend until the end. Bitcoin now in a very very tight spot and the direction where it's headed is obviously upwards. Short term forecast appears to be a break out and target price is at the next Fib ring ($6,800). Although, Bitcoin always has the tendency to surprise everyone and may always choose to go the other way. So, place your stops at the...

RSibayan

Healthy retracement is forecasted in the short term for Bitcoin. If it plays out, the drop will be towards the red rectangular area, target area is $5,565 which is the base of the wedge. The other potential scenario is that Bitcoin will break out from the resistance line up towards $6,430, although with low probability. Place your stops at appropriate...

RSibayan

Price action on Bitcoin has formed a repeating pattern since it pumped up early April 2019. If it plays out the same pattern, price may potentially reach $6,200 if it rebounds from the support line at $5,300. Other scenarios may turn out that the price may push higher than the resistance line or price may drop lower than the support line of the rising broadening...

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The pit is deep and the bottom is nowhere in sight. We continue to descend in the next week or two, and possibly a great big breakout to the $2K or $1K levels to start the year 2019. Great big opportunities ahead to accumulate BTC.

RSibayan Updated 

BTC prices have been squeezed for quite a while now and has respected the borders of this falling wedge. It's now on the brink of breaking out. BTC price actions have shown very similar patterns, circled as such. Don't forget to put your stop loss, at about $3,600

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Chart appears to show BTC might be taking a similar path as it did in August 2018. If it does, well, get ready for a short bull run and a possible steep drop to bring us back down to our current support levels. Don't forget to put a stop loss.

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RSI showing future bearish trend for BTC . Don't forget to put your stop loss.

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1. Bullish Candlestick Pattern/Tweezer Bottoms 2. Bullish Divergences on the RSI 3. Don't forget to put your Stop Loss and Target Price.

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Bearish market with downward moving prices at the 4 hour time chart has created this channel up pattern.

RSibayan

Symmetrical triangle formations with 2 or more Higher Low and Lower Highs on an up trend or bullish trend more than likely breaks out to the upward direction. Don't forget to put your Stop Loss position.