Price bounced off the 200MA before wicking off the .618 Fib retracement level and breaking the channel resistance afterwards. RSI and Stochastic look good on the 4H and D. ATOM and Near also look good, if not better even. I'm buying the retest If Bitcoin allows it.
Nice cup and handle pattern. Buy on breakout or retest. Height of the cup = target 👍
We hit the 2.618 fib extension from the first big move up. Are we heading for the 3.618 or do we need to cool down for now?
Looks like we either broke out or are about to. Looks bullish nonetheless though. Orange lines are potential targets. Not sure if my fib extension is correct, but the $5 feels like a safe bet. I'm def filling my bag with some Enj for the 'Long' long though. ✌
Should break out soon. Fib .618 + stochastic RSI oversold.
Retesting the broken resistance as support. I still want to see how we act towards the 48k level before I'm confident we go for ath's.
Bear flagging on the hourly. 38k looking like a reality, however, I am seeing bullish divergence on the RSI indicated by the blue line. If this flag plays out, around 38k support level is where we begin our march to new ath's. Probably.
Short-term trend My target aligns with the .618 retracement of this trend. If you take the whole leg down you end on 42k level support. Both seem fine to me.
I think Bitcoin is ready for its second move to 48k resistance.
Stochastic rsi overbought + no volume, so Bitcoin will probably test 33-32k support before moving towards 36-38k sometime next week. We shall see
I noticed that the price didn't really move up as it did past few weekends. Not sure if that means anything at all but I get the feeling we'll probably see a move to 30-28k support sometime next week. We'll see tho.
Bitcoin is looking pretty strong today. If we close at the current price we will have broken out of the triangle. Very possible we get pushed back in the coming week, I'm still looking for price to go above 40k for bullish confirmation.
Bullish head and shoulders on the 4 hour chart. We need to close above the resistance line to become bullish, unless that happens I might sell everything at the resistance line to buy in later. wdyt?
I really hope we can be bullish but I'm still seeing a bear pennant in development. wdyt?