currently above the 21 EMA on the daily and holding. looking for a close above here(closing in an hr) and a push up through resistance definitely looking bullish here and im thinking another leg up to test the downward sloping trend line before another pull back (not financial advice). Still keep an eye out for potential rejection though the resistance is strong...
as my per my last ideas for the last couple days Inverse H&S is playing out. As long as it doesn't get rejected by above resistance levels we should reach back above the 618 fib. a daily close above 10900 would put us back above the 21 daily EMA and could put us back on track to new highs. If you find my analysis helpful consider leaving a like/follow. Good luck traders!
Outlook unchanged. I said the same thing last night 4hr still printing inverted H&S after getting a rejection from the outlined resistance. If the pattern plays out it could take us back up to between 12k-13k. Waiting for neckline breakout preferably with volume for confirmation, to me its no coincidence that this pattern is playing out just under a cme gap. Of...
4hr still printing inverted H&S after getting a rejection from the outlined resistance. If the pattern plays out it could take us back up to between 12k-13k. Waiting for neckline breakout preferably with volume for confirmation. If you like my analysis or if it helps you at all consider leaving a like and/or follow good luck traders
looks like the bulls came back for now with a nice 1k pump to break out of the channel to the upside with some really nice volume, To continue the bullish run im looking for a clean break above 11k and consolidation. 11k is just above the 21 Daily EMA and being back above that would be a nice bullish move for the next leg up there is a possible inverted H&S which...
It seems after my last idea last night we got a nice bounce so far and would like to see it continue, however, im looking for a close above 11183 above the box of resistance i have outlined. As i said yesterday (links below) there is also a cme gap up there that will prolly get filled but now the question is which one gets filled first the bottom at 8500 or the...
2nd retest of a confluence of support (upward sloping support and previous low) has held and bulls held on lets see how the rest of the night goes. CME gap is close but so is .618 fib. Good luck traders be safe!!
if this is a bear flag forming on 30 min measured move would take us down to 9629 below the 618 fib target the 8492(.5 fib) - 8956 top of the CME gap.
looking on lower time frames theres a gap in the 1 min Bitstamp chart prolly will get filled soon.
Holding support for now squeezing under the box of resistance(red). I've outlined the CME gap thats possibly building up to get filled which also coincides with a fib level taken from the bottom of the bear market to the top of the bull market. Not guaranteed to fill but we all know about the gaps. A break of the upward sloping support(10307) could see us...
BTC 1hr chart looks like its turning bullish but now we have all the resistances to work back through keep an eye out for the previous resistances and my other ideas are back in play. Be careful out there!!
Ill be concerned if the support breaks for the time being its holding subject to change though in an instant.
Seems the bulls didn't want the gains anymore after limping through pretty much the last resistance before ATH they've pretty much given all the gains back. Could just be a retest of support but potential for a double top on the daily time frame. Be aware!
pushing last resistance now everything i said earlier in my last idea still in play linked below
Just a little push to over 12950 and we're pretty much clear of everything resistance wise. Lets get it!
Possible bull flag printing on the 4hr after 2 rejections from my outlined resistance. if it plays out the measured move should take us to a new high for this year around 14200. Keep your eyes peeled though cause we may be looking to retest the .5 fib before another move up.
Well ladies and gentlemen we finally made back to the last bit of resistance I can see which is the .382 from last year and the .786 from the last run up, after that its clear skies til the .236 from last year around 15640 but even that one is minor and prolly wont give us much of a fight. Let's get this crypto!!