vvezzola

vvezzola

All in the chart

vvezzola

Analysing this rally on the 4H timeframe we ca see that BTC has formed an ascending triangle pattern basically bouncing beetwen MA50 line and 9500$ resistance. If we don't see a strong breakout in the next couple of days, considerning all the accumulation in the last week, this will bee a signal of a trend inversion or a major correction.

vvezzola

All in the graph

vvezzola

BTC managed to stay above MA50 and is now forming a cup & handle pattern on 4h. Volume is still slowly rising, MACD crossed. Seems will be testing 9500$ resistance soon.

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BTC price corrected from 9700 to 8700$, the first bounce turned down again to 8700. There is a second bounce back. If we see again 9100 area in the next hours this can form a bullish Adam and Eve pattern in hourly and probably surpass MA50 that will become a new support.

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The bull run of the last days doesn't want to end. We had a small retracement from 9700 to 9400, but the bulls managed to sustain the price. Overall the market wants to go to 10.000 and trying hard to do so. I think we will see an accumulation phase in the next hours before starting a rise to 9500 and then 10.000 super strong resistance. We may see another down...

vvezzola

BTC is forming a bearish flag again. Without any news or change in market condition there is an high probability of a new leg down. Trade safe, the last days been full of false signals!

vvezzola

RSI and MACD bullish, important resistance at 7050 become support, closing over 50MA. It looks like the perfect bullish setup. Not a buyers market already, but there signs of a trend reversal.

vvezzola

We've seen a good rise for BTC prices in the last days. There are some super strong resistance above so next hours will be critical. If buyers continue to support the price and BTC manages to close above MA50 in 4H timeframe we may consider it a good sign of trend reversal.

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Even if I usually trade daily on the small movement I need to start my trade plan looking at the general picture. If someone is looking to buy BTC as investor, in my opinion there's no pressure to enter the market in this moment. Waiting for comment and opinions.

vvezzola Updated 

BTC testing the base of the trendline as support for the second time. Price has formed a descending triangle not a good sign. MACD and RSI are bullish, but we need more buy volume to escape the triangle and confirm trend inversion, otherwise I don't think the support will sustain the price for the third time.

vvezzola

BTC confirmed a higher low bouncing on the trend line traced from the dip of the beginning of february. I expect a big up movement in the next hours. If the price surpasses the 50MA line will be a buy signal for many investors.

vvezzola Updated 

If BTC goes down from here we can go very deep.

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In the last days price oscillation is getting narrower. We can identify a descending triangle pattern, a bearish formation. Waiting for a breakout in either direction to open a position.

vvezzola Updated 

BTC showed very weak and volatile (more than usual) in this weekend. In this moment waiting for a confirmation of downtrend going under 200 MA again or confirmation of downtrend going over 50MA.

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BTC yesterday recovered from Binance FUD and is now re-entered in uptrend. Let's see if the price will go up during weekend.

vvezzola

In the last hours BTC is basically sliding down with less and less volume. Seems buyers are waiting for lower price to enter the market.

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If BTC mantains this support I think there will be an uptrend continuation.