YEHOK

YEHOK Updated 

HELLO ALL AND GOOD DAY TO EVERYONE. In the last update we were speculating on a reversal point being that price was in this channel for some time. The head and shoulders pattern I went over gave us a low target around $6,600, but managed to get down even further in what was most likely a stop run before this move up. Now we can see that there is support occurring...

YEHOK

HELLO ALL AND GOOD MORNING TO EVERYONE! In the last update we went over a broader view as well as the 4H bullish divergences with the RSI and MACD that is taking place. From the RSI trend we can see that we have potentially more to go with upside movements granted the trend does not break. We would also look to make sure our MACD does not turn negative for this...

YEHOK

HELLO ALL AND GOOD MORNING TO EVERYONE. Weekly candle attempted to close above the 0.5 fibonacci retrace however was unsuccessful. Being relatively flat, there has not been anything in the volume that is suggesting one thing or another. It is typical for major moves to retrace in the opposite direction before continuing, however this is usually coupled with...

YEHOK

HELLO ALL AND GOOD EVENING TO EVERYONE Just wanted to share a short term setup based on criteria I personally look for in a trade. RSI, MACD and volume divergences in a descending channel leading to a previous candle body low.

YEHOK

HELLO ALL AND GOOD MORNING TO EVERYONE. In the last update we were following some potential continuation patterns that resulted in a rejection and break down into our first daily demand zone around $6,900. We can see that this level is coinciding with the 21D EMA. Looking at the 4H chart we have has a slight bullish cross of the 55 and 200 EMA. Common Fibonacci...

YEHOK

HELLO ALL AND GOOD MORNING. DIFFERENT PATTERN SAME OUTCOME.

YEHOK

HELLO ALL AND GOOD MORNING TO EVERYONE. In previous updates we have been following a rising channel with an expected target upwards of $7,375 or so. BTC has surprised with some strength and has almost reached $7,500 on the initial push. Since then price has attempted to break down but unsuccessfully thus far. Potential pattern development currently is resembling...

YEHOK Updated 

HELLO ALL AND GOOD MORNING TO EVERYONE. In the last update it was discussed that BTC - contrary to popular opinion - is now most likely in a rising channel and not a rising triangle. On the 1D chart directly above we have the 0.5 Fibonacci retrace level at $7,190 as well as the 55D EMA at $7,315. These levels will prove to be very strong resistance levels for...

YEHOK

HELLO ALL AND GOOD MORNING TO EVERYONE. In the previous update the possibility of a rising triangle was discussed with the 5 points that needed to occur in order for the pattern to be validated. Recent development might have revealed that this was most likely a trap for bulls tracking the pattern. The deviation from the triangle resulted in an early break of the...

YEHOK

HELLO ALL AND GOOD DAY TO EVERYONE. In the last update I went over the weekly price pattern of the descending broadening wedge. There would be one of two likely scenarios playing out. 1: we start moving up from these levels to test the wedge's resistance, have a partial decline and then break up out to the upside target. 2: We move down first to make either a...

YEHOK

HELLO ALL AND GOOD EVENING TO EVERYONE I wanted to go over a larger picture of what we could be seeing unfold during this time. Possible pattern development here might be Bulkowski's descending broadening wedge, which is technically a bullish pattern. It usually ( 58% of the time ) occurs at the end of a trend and serves as a reversal. The odds are in favor of...

YEHOK

HELLO ALL AND GOOD EVENING. When a pattern breaks out of its touch points it is not unusual to see it revisit the broken support or resistance line before moving further. In this case we could likely see a move up to the 200EMA on the 4H and support of the rising channel now as resistance before moving down again. If we look at the RSI we have a lower low in the...

YEHOK

HELLO ALL AND GOOD DAY TO EVERYONE. BTC has been moving sideways with a $7,000 resistance level into the support of this rising channel. There is a chance we move one last time into this 0.618 level at $8,000 before breaking down, however we cannot discount this channel breaking to the upside - which is less likely. If this channel breaks the support sooner...

YEHOK

Hello all It seems that we now have an overwhelming amount of bearish indications occurring on the charts at this moment. BTC is in a rising consolidation pattern after a major move down, stalling at a critical support turned resistance. We can also see that price was rejected from the 0.5 fibonacci retrace and has not been able to close above the 0.382 since...

YEHOK

HELLO ALL AND GOOD EVENING. We got an early re test of the upper line of this channel. Now that this has happened and the volume, RSI and MACD we showing bearish divergence on the 1H, we should be looking out for a top formation like this potential head and shoulder. If we see rising demand into this $6,700 range then the likelihood of one more high could be...

YEHOK

The market has reached a very strong fib retrace level of 1.272. Now that this has happened we can expect some sort of positive news to come out that will be correlated with this temporary relief we are about to see. Once reaching the 21k level we can expect some more negative news to counteract anything positive and further push levels down to the anticipated...

YEHOK

Hello al and good day to everyone. Here is my view on what could be playing out. Areas of interest are marked on the chart. It seems likely one last move to the bottom of the channel happens before we attempt the upper line. However if price manages to get an early move above the channel EQ, we could see the upper line challenged sooner rather than latter. Upper...

YEHOK

Hello all and good evening to everyone. Let us forget about the news and world events that are going on at the moment and take a step back to look at the technical data. In my opinion it is the chart data that is the most important and contrary to popular opinion is what drives the fundamentals in the world - and not the other way around. Taking a look at our...