MisterG0402

MisterG0402

good morning bears and bulls. if we zoom all the way out we see that we have actually been ranging since the beginning of March. We are currently very close to breaking the lower part of that range. Volume is decreasing and RSI is below 50. Meaning there is a good chance it could break below 60.8k. At which point there will probably be a major crash. However, if...

MisterG0402

On the 1W looks like the cup has formed. We could see the handle form next. Also looks like a liquidation grab is happening. Bears looking for energy for the dump. Trade with caution. Good luck

MisterG0402

This is just an idea of a possibility. Maybe we go to 30k next? Compete a whole head and shoulders formation. Which would have us test the neck line in April. Then break through the neck line as we would be approaching the halving. At which point we would see a new ATH. However these are strange times and everything is absolutely possible. Maybe 70k tomorrow maybe...

MisterG0402 Updated 

Bearish divergence showing on 4hr time frame. We may spike up again and then come down. We will test 33k on the way down. If it breaks we probably will go down to 30k. If 33k holds I would say it's a buy opportunity. Good luck

MisterG0402 Updated 

Head and shoulders forming nicely on upper time frames. We could head down and test the neckline.

MisterG0402 Updated 

Looking at the 1D. Looks like head and shoulders pattern forming within a rising channel. There also appears to be a bearish divergence. I would say from here. We are going to test some lows. Good luck

MisterG0402

BTCUSD just printed a hugh doji candle on 4h. Also the pattern is moving through a rising channel where it tested the upper region. Things could get very volatile.

MisterG0402

I guess we will see. Looks like it could be a massive bear flag on the 1D. I guess time will tell

MisterG0402

Looks like a possible double top. Whales are moving coins to exchanges. Miners sent a record amount of coins to exchanges as well. We could see a correction soon. Just remember now a days trend analysis and chart patterns aren't as reliable as they use to be. Bitcoin pretty much does what it wants 😆 good luck

MisterG0402

BTC is in a symmetrical triangle that keeps printing lower highs. Unless we go above 29k I believe we are going down to fill the CME still open at 19.5k. I wish everyone luck and financial abundance

MisterG0402

Bear flag on 4hr. Looks like we will hit about 27.7k and go back down. Of course there's a possibility it will break through and keep moving up

MisterG0402

Head and shoulders has formed. Neckline around 27.1k. If we break neckline we may possibly go down to 22k. Good luck everyone.

MisterG0402

Bearish divergence on 1D but the way this rally has been going I wouldn't be surprised if it blows right through the top and keeps going.

MisterG0402

Ascending broadening wedge forming in the short term. Long term BTC tested and broke above the symmetrical triangle but now it has come back down to enter the range again. I say we test 26k range and see what happens after.

MisterG0402

The 4 hr chart is showing that we have broken down from the rising wedge. It is also showing another small rising wedge forming meaning we most likely will go down. Now, what the Perma Bulls are forgetting is that before the rally BTC was on its way to the 15.5k target. Then Binance injected a billion dollars into BTC causing it to go up. FOMO kicked in and a...

MisterG0402

On the 4hr chart we can see we have a rising wedge. Also, looking at the RSI it seems we have a bearish divergence. Today we will also get the decision from the FOMC. Let's see what happens. Stay safe and I wish everyone financial abundance.

MisterG0402

Here on the 4hr chart we see this big symmetrical triangle. Inside on this triangle we keep forming small bear flags and dropping lower. If the pattern continues it looks like we will have a big drop, then consolidation, a big drop, and so forth. How low will it go? We don't know, but I'm willing to bet that we will at least test 21k range if it breaks lower....

MisterG0402

On the 4hr chart BTC is in a long downtrend. Plus there is a pretty nice bear flag with BTC about to test the top of the channel. Even if it breaks the channel it needs to go above 24k and stay there or most likely we are going to test the bottom of the channel. This is just my opinion. Not trading advice. Please DYOR.