There you go, broke down on H4. I'd take a small leverage long from here till 6700+ before we can have a breakdown on D1 as well.
I see hidden bear division on D1, and, a rising wedge. I understand some influencers have mentioned the rising wedge(bearish signal) could be a fake out, and that we could break the 6900-7000 resistance. However, taking cue from my previous experiences charting bitcoin, we've two indicators (both bear div & rising wedge) pointing a similar outcome, i.e. a drop;...
A rising wedge with a possible drop to 6421-6494 levels on 0.236fib is what i see in this TA. This observation is also backed by TA on smaller TFs. Remember, the support at 6400 is crucial for bitcoin to pump >7000. If not, we could see Inverse head & shoulders formation on daily candles if the the daily closes ~6200 (next support). Comment your thoughts.
We are seeing a bull penant and a falling wedge on H2 while #BTC attempts to form the left shoulder of Inv H&S. Possible drop to ~10.1k before a jump to 11.5k+ in my opinion. Comment your thoughts,and do make sure you follow me on twitter(twitter.com) for latest updates on alt signals and promising ICOs
What appeared to be forming as a bull penant on H1, ended up with an ascending triangle. Little volume push can see BTC finally breaking 10.36-10.4k resistance. Next stop imo could be, 10857.5 USD. Comment your thoughts.
In this chart, we can see #BTC still in a falling wedge , while possibly forming a triple top in parallel. I think, we could see BTC 1.04% hit ~9850 to form the 3rd top before dropping to the support. ~8951 USD. Comment your thoughts and correct me if there's a room for improvement. Thanks
H&S formation on H4 could lead to a drop to 8.9k level. What do you think?
Inverse H&S formation on H6, which also coincides with breaking out of bull flag could see XBT at 14.2-14.5k levels
If this pans out, we could see 4.2k levels by March 20
This is what i see. A possible bounce from below 8.5k to 8.9k; followed by a downtrend