BTC could be forming a Falling wedge in this 4 hours chart, but actually could be forming many patterns out there but this one I think is the most likely one, let's see what happens here, I think we could hit the bottom of this wedge again, or we may break up at any time and it could end up forming an ascending channel after.
This is an update of this Rising wedge on daily chart, I have put the support line with the wigs now and this is not broken yet, we also have a curvature line there, and I think we are in the way to hit the top today of that curvature, I still think we have a good chance to break this up, but now I also put the option to break it down too because it could also...
We have a Rising Wedge in the candles that most times breaks down but this one I have the feeling it could make an explosive move to the upside, (Observe RSI down bellow), however there is also the possibility to break this down but I have many buy signals the last few weeks from many indicators and I believe BTC could start moving parabolic soon.
We have like a small bullish pennant pattern inside a Rising Wedge and this have to take one direction by tomorrow, lets see what happens, but I can see bitcoin for the next few Months in an all time high, easy, sorry for not posting many ideas this summer, I am really busy doing other things right now. Good luck every one!
We could have a golden cross around the 10th of September if prices continue to rise, this will finally looks really bullish and we could top our new super Cycle by December this year.
Hash Ribbons indicator flashing right now a Buy Signal, be prepare for the supper parabolic run to start soon, prices could hit over $100,000 by December this year.
Btc seems to be creating a bearish divergence in the RSI and is also in a rising wedge, the most likely scenario to happen here could be to break this down and a correction to start from there.
We didn't hit the green line yet of this long term regression bitcoin indicator this cycle and historically after each halving it did, are we going to hit the green line above $100,000 before the next halving or are we going to continue into this Monthly downtrend? we will only know when the candle closes above the downtrend, so keep an eye on that yellow...
A possible scenario could play out here.
ETH on a double bottom pattern, If we breakout this W the target would be around $3,100 but there would be a strong resistance to pass first at $2,900.
There is no doubt we could be in an ascending broadening wedge, we could also end up creating an ascending channel and things could look bullish after.
We could form a few different patterns in this 4 hours chart, but which one will play out? let's see what happens first.
Is this wedge going to finally break out? it is possible but first we need to pass above the 50 weekly ma and 50 weekly ema to have a nice break out, lets see what is happening because there are many wigs also there and anything could happen.
There is a strong support curve since the the top of the previous bull market in December 2017, it could act as a support if prices keep falling, I can feel that the next supper cycle is not to far from here.
Today I am going to reveal to you one of the best and easy strategies I made, you can't lose like this, but you will increment your bitcoin instead and wont need to worry to much about trading with this monthly chart, you don't need to be a professional trader to do this, I am using Heikin Ashi Candles to identify trends better and the Stochastic RSI looks more...
We have retested this descending triangle (more clear on daily chart), it looks a descending channel in this 4 hours chart,We could be forming a bear flag now and could break it down at any time but may continue forming it till the curve purple line and the yellow one and I think we should continue in a downtrend after.
We have closed bellow the 50 Week EMA and also the 50 MA lines, the 50 EMA have been always acting as a strong support with the body before and never closed bellow in this market and now they could act as a resistance, prices could drop even more from here, we also lost a strong support there and we are now bellow too so we need to be above them lines to look good...
Btc could be about to form a W pattern, but this is only a possible scenario, so keep an eye on that.