mkerner861

mkerner861

Some times the most simple ideas are the most likely. Here is this very simple and straightforward analysis. Bitcoin is wrapping up almost a month of consolidation inside an ascending triangle (or wedge, depending on how you draw it). A move is imminent within the next week. We have also developed a smaller descending broadening wedge (bullish) with a price target...

mkerner861

Bitcoin has been moving between consolidation/accumulation (triangles) and upward thrusts (rising wedges) since October, forming a larger, massive rising wedge. This is very similar structure to the 2017 bull run. We are now in the apex of another ascending triangle and it seems the consolidation/accumulation phase has now come to a close. The question is will we...

mkerner861

We have again reached the apex of massive consolidation for Bitcoin and now the question is will we break up or down? We have held the bottom (red) trend line since October, with just a slight and brief dip below it, right after the 20k all time high was topped. Not surprising, considering the profit taking happening at that level. I believe the red line will...