souledoule

souledoule

To me this seems like a reversal pattern is forming and being verified. Bullish divergence and bullish continuation on MACD. BTC also broke the downtrend it has had the recent days, and inflation news on yesterdays friday indicates things aren't so bad after all.

souledoule Updated 

After a sharp drop, it seems a head and shoulder pattern is forming. Seems there is bullish divergence on the MACD as well. Will we pull back to 100k tonight?

souledoule

It seems BTC is forming a bullish pennant or a bullish symmetrical triangle. However, the RSI has been indicating a weakening in momentum, suggesting a bearish divergence. When reviewing the public order books on exchanges like Coinbase and Binance, there are thousands of open Bitcoin sell orders just below and at the $100,000 level. The last time BTC attempted...

souledoule Updated 

Seems like a bearish divergence forming on RSI, can bulls break 100k or are we correcting to 85k first?

souledoule

Lets see if we got the bottom this time. Looks good.

souledoule

I believe we will see a bullish continuation for Bitcoin in the coming fall of 2024. This prediction is supported by several key factors, including the anticipated rate cuts by central banks and an overall positive market sentiment. Historically, rate cuts have led to increased liquidity in the market, which often boosts the prices of risk assets like Bitcoin....

souledoule

Interest rates are expected to start dropping, inflation is responding as it should, seems to be a soft landing. Germany, US and MT.Gox selling FUD seems to longer affect the market. Less selling pressure from miners as the effects of the halving now materializing. Things are looking good.

souledoule

The pattern suggests potential for another major upswing, consistent with past cycles.

souledoule Updated 

The uncertainty is certain. I think we all want to see Bitcoin smash through 20k, but I don't think we are ready, and will therefore go with what's most probable. - There are bearish divergencies all over the lower timeframes (rsi, stochs) - Heavy resistance Since you do not mess with the twilight zone, I would recommend doing a small amount if you were to...

souledoule

This is a test. The points plotted were generated by an AI.

souledoule

I believe this is a pretty strong / secure analysis. Reasons: - Chart is leading up to a breakout. - Positive fundamentals lately such as positive financials Q3, positive salmon news and recent large investments. - Recent breakout of negative trend.

souledoule

Test

souledoule Updated 

Bitcoin is known to follow/ create patterns.

souledoule

Just for fun

souledoule Updated 

Red is stop loss

souledoule Updated 

I fear this will go the other way and actually push up and towards testing 20K again, but if I had to make a bet II would do a small short here.

souledoule

test

souledoule

This is an attempt at a swing trade.