$BTC daily - Currently forming a bearish rising wedge on lower timeframe - RSI still nearly overbought - Stoch RSI sell signal - Fear & Greed Index shows Greed: alternative.me - A lot of people on CT already buying the dip I honestly think this correction isn't over yet!
$BTC showing some mixed signals. Probably going to liquidate all shorters before going down. Bullish: - Higher lows - Possible inverse head & shoulders Bearish: - Broke down from the bearish rising wedge - Price goes up, volume goes down - Still below major resistance
Biggest retracement in 2014 bear market was -85%. So far -80% in 2018 bear market. I believe Bitcoin will find its bottom at ~2.5k / 3k before trading sideways for a while. Also, Block Reward Halving and ETF could give it a huge boost before the chart turns bullish
Bitcoin currently forming a bullish inverse head & shoulders pattern. Needs to break the neckline. Support / Entry ~$3500 Target ~$5000
BTC weekly log scale Comparison between 2014 and 2018 bear market: - History repeats itself - Forming a descending triangle - Needs a reversal pattern for trend reversal (double bottom) - 85% retrace from all time high For more updates follow me on twitter: twitter.com
Possible head & shoulder which could continue downtrend to 10k. However, the pattern isn't completed until neckline gets broken.
Neo heating up for wave 3! Currently in a falling wedge!
NEO possible Adam & Eve Double Bottom! Confirmation if the neckline gets broken!
Looks like we reach the 20-25k soon! But what's next? Hitting again the resistance from the parabolic curve could lead to a massive correction! We saw this already 2 times before. Afterward, we might see another bull run to 30-50k!
I did some adjustments on my last parabolic curve chart. Regarding on correction length and time, this one is fitting really good. Be careful!
IOTA has broken the neckline from the inverse head & shoulder
Wow, this is crazy!!! Bitcoin left the parabolic curve. We might see a blow-off top. Max target could be 25k, which is followed by a correction. Be careful! www.investopedia.com
Ardor heating up for wave 3. However, we could see some more correction in the yellow rectangle (especially with BTC volatility at the moment). Ardor is one of my favorite projects and has main net launch at 28th of december. www.ardorplatform.org
POWR has broken the descending channel. Currently on EMA20 support. We might see another bull run from here!
BTC has broken the falling wedge. Nevertheless, i am still bearish on BTC. Currently it develops a bearish pennant. However, this is BTC and it often breaks out upwards in bearish patterns.
NEO in a bullish falling wedge. We should see a breakout soon!
If BTC doesn't break this resistance it might develop a falling wedge which should lead to a pump on 9500$ (Point B). After that we could see more correction down to 6500$ (Point C). However, BTC is a bullish bitch and doesn't like to be bearish. If people keep FOMOing we could skip Point C and rise directly to moon!
If the support doesn't hold we might see some more blood in the following days. Looks like it might form a pennant on the shorter timeframe (continuation pattern).