CVS. 3 consecutive lower highs at a significant inflection zone (105-110 area which were peaks/resistance levels created in 2015 and 2016) and now potentially the first lower low is about to be made. The trend is changing. Higher highs and higher lows since the covid crash and now for this first time we are seeing lower highs and now as of today potentially a...
There is now a major buy signal on the 1HR chart just in time for the new day to start in about 50 minutes. Lets see if our good friend Mr. Volume can step up to the plate. I have a feeling that the bulls are about to take off. Strap in and enjoy the ride! Trade safe. Tight stop losses and wait for confirmation of breakout as always!
Here, we can see a bullish divergence forming on the 1HR chart!
Expecting to see a breakout VERY soon. With the ribbon below serving as support and so much support on the upwards slant of the triangle, it seems more likely to break up I.M.O.
Expecting a reversal starting here!
Expecting the ribbon to hold. Could get crazy over the next few days/weeks! Overall long. Expecting the weekly or the beginning of the next weekly candle to test the ribbon and confirm support around $7700.
I posted this potential bullish pennant formation four or five days ago, and it is playing out perfectly guys and gals! we also have a 4HR candle close above the all time resistance trend line from the All Time High back in 2017. A daily close above this line is extremely bullish. We just need our good friend Mr. Volume to kick in and blow the price through 10K...
Potential Breakout if trend line holds with a target around $9950!!!
Can the bulls push through the resistance? Seems like we may see a breakout!
I posted this chart a few days ago now with the 4HR chart potentially forming some sort of bullish pennant or ascending triangle. Does anyone still think that this is in play, and why or why not? It seemed reasonable to me, but I am conflicted because the daily chart seems to be rolling over on the RSI. But, the weekly looks really good and so does the monthly...
Weekly buy signal. The new week starts tonight! The chart speaks for itself. Trade at your own risk, however.
It looks like there could possibly be a bullish pennant forming on the 4HR Chart. Bias is up.
Btc Prediction 4-28-20. 4 HR Chart. I am expecting a break out towards $8320 within the next day or two so long as bitcoin does not go below $7615-ish.