If BTC can reach, close and hold above $11100, then we could see some further upside from there and potentially even more in the weeks to come.
Check the chart for the info. :)
If it breaks to the downside we have an aggressive downwards measured move and a more conservative one as potential targets.
We touched the 0.168 on the Fib retracement. This could be a nice LONG opportunity. But be careful as it may have fakeouts. 0.168 is a very important level especially in Crypto. It's very respected. !! Not financial advice !!
Bitcoin has formed a bullflag here. I did also put a measured move that could happen if this plays out. Volume needs to confirm.
I'm looking for at least a test of the blue box. If we close in or above the green box I'm looking for more upside. If we close in or below the red box, than we could see possibly some lower targets.
Wait for one of the boxes to get hit to get in a trade. To be sure, wait for a close in or past one of these boxes.
Price action decides what we will do from here. Check the chart.
If we can hold the support and then we could see a breakout to the upside. Otherwise we could se another dump.
If the current channel breaks, then I'm looking for the head&shoulders pattern to play out. I have a short term support area which we could bounce of short term, But then I'm looking for a buy in the Golden Buy Zone :) Leave a like if you like this idea and please comment your thoughts!
Taking profit around this region
This Diamond Pattern on the 1Hour could play out. Invalid if it goes down to the red line.
We have a potential triangle breakout. Looking for more upside.
If this support holds, then it confirms the breakout of the triangle by this retest.
First of all, this parabola is purely based on the last low we had, but it can still be redrawn. This is an overall prediction of where the market could go. A short term dip from here is possible to let the oscillators cool down for another try to the upside. Please press the like-button if you like this idea.
ETH is showing a nice upwards trend here