Long awaited chart from me. There was no proper price movements at my levels to post the new chart. Anyway, This is how it looks like. All the supports and trend lines are marked on my chart. The long white trendline is for the log chart shown in the image and the red one is on the linear chart. In addition to that, will post my levels right in the comments as per...
Plesae refer to previous idea in the link below. Even if this falls now, that will make falling wedge by hitting my lower targets and the channel lower trend line. Refer to my previous idea comments.
So, the falling channel usually tend to break out, like I said in comments of my previous idea, this is in confluence with that. Target for 28850.
The last correction lasted for about a year, the bull market ran for over 2 years. If the previous cycle is to be considered, the current bear cycle should last till November 2022. I hope the New year would go well.
Marked on chart is bearish engulfing candle pattern on daily chart. Along with it, see the supports and ressistances. The volume is low so i don tthink it will make any bigger moves. bias is bearish.
If its falling let it fall, but limit it to 43150ish. if this breaks than short it. this looks dicy to me. watch and play. look out for my comments.
In confluence to my previous Bitcoin ideas, I put forward this bullish triangle chart pattern. The breakout could take the price to around $53800ish. I hope after NATO meeting this geopolitical issue wont turnout to be provoking WW3. If that happens, no bullish chart pattern will work. DYOR. Stay safe.
The structure only identified by me (like an inventor) lol, looks like it will touch $60000 in a matter of a couple of months. I DO NOT SEE ANYTHING BEARISH TECHNICALLY! The ongoing geopolitical issue and the fed rate hike, has to be looked out. Ideally bitcoin has nothing to do with it as its meant to be DECENTRALISED. PERIOD. I AM LONG!
Related to my previous idea, this is the chart I look at (the structure). For those who can read charts. STRONG ENOUGH TO GO $60K where the resistance red line is.
The chart indicates the weekly channel. Now see the Bottom ascending trendline and the moneyflow trend line below the candle chart (In Yellow). Thats a bit longer. The smaller one indicated in RED LINE (3-5 weeks) which, I think is also a bullish indication. The money flow index basically indicates how strong are sellers and buysers just like RSI but its Volume...
BTC seem to be in formation of a bullish falling wedge on D1. On H1, the BB is squeezing out indicating the breakout. Lets wait and watch. This is potential scenario and could change the down trend to up. Can go up to 58-60k depending on the momentum.
BTC, area marked in green has a lot of confluence. The price will definately reach there before bouncing back properly. This was already mentioned in my previous idea. Breaking the white trendline would drag it further down to levels mentioned in my previous idea.
Looks like many noobs keep buying btc. this should ideally fall a bit before moving next leg up. This is only delaying it. Cant help. M bullish but need to see it go down to 54-52k. Hope that helps.
HIVE is in a bullish ascending triangle on a weekly chart. Has a lot of upside if you HODL. Super Bullish.
Wazirx set for new highs. Please refer chart for target price and yes of course, this is valid only if BTC sustains at current level or goes higher.
#MFT has formed an ascending triangle on a daily chart. A breakout would give around >30% upside.
People these days trading in btc knows what technical chart looks like. Chart is self explanatory. Your views are most welcome.