Crypto optimized bollinger band indicating squeeze on bitcoin currently, tight price action range is currently happening. Expect a large break to happen soon. Alot of bullishness on indicators as well as a uptrend and downtrend line bitcoin has been respecting. The bullish macd cross as well and the exhausted bear momentum has me leaning towards a bull break....
Possible short term bearish action forming on bitcoin, bitcoin has moved aggressively from the low therefore i'm waiting for some daily consolidation before reentry. Overall trend is indicating possible reversal, and bulls still have a chance to turn 2018 around for another bull year.
If we break tightening patterned bearish, targets will be 7400,7200,and 7000 before next leg up. A break of blue line is short signal.
Inverse H&S could be gearing up to form. Bears have reached a exhaustion level as indicated at a 4hr all time high. I expect to see a very violent bounce shortly due to this.
Giant equilibrium pattern forming. 50 EMA on daily supports tightening pattern outlook.
Litecoin is in a large equilibrium patter, we can anticipate a bounce here with targets at 181, and 190. Litepal (not litepay) is set to launch april 1st which could boost this bounce.
4hr inverse H&S may be deceiving us. We need to watch for a neck line break here if it rejects from these levels. Momentum and rsi support a rejection.
Volume bottoms and momentum indicate bounce to complete a inverse H&S pattern
Leaves trend line for mania phase, just returning home for a visit before it explores higher.
First time publishing idea so "bear" (lol) with me. Please compare both published btc charts. Please reference chart below.