Bitcoin appears to be forming a Diamond Bottom pattern on the 2 HR Chart. The price target of this potential Diamond Bottom is around $42.6k. There's also a decent sized Bullish Divergence on the 12 HR Chart.
Quick overview of the Weekly Bitcoin Chart. Ascending Channel + Decreasing Volume = Usually Bearish. Bitcoin also had a weekly Death Cross of the 20 and 50 EMA, that is usually not a bullish sign. What are your thoughts?
Bitcoin appears to be retesting this Parallel Channel on the 1 Day Chart. If Bitcoin can break back into the Parallel Channel and confirm the Falling Wedge pattern, then we could see a major rally. What are your thoughts?
Descending Channel with decreasing volume is usually bullish I believe. But with so much resistance above us, I'm not sure if the bulls have the strength to push the price up.
I believe this could be a Bearish Cypher pattern. I'm not an expert with harmonic patterns and I don't think these patterns are too reliable with crypto, they are more common in Forex I believe. By using the Fib Time tool it's telling me we could reach the price target of this pattern$45.3k by March 7th. Then supposedly the following price target is $32.8k....
The last two times the 50 and 200 MA had a death cross on the 3 Day chart we've seen a massive Capitulation. Will this happen again? What do you all think?
Bitcoin dumped yesterday to retest the downward line of resistance. Could this be a new rally to $42k.6? What are your thoughts?
Bitcoin appears to be forming a Double Bottom on the 2 Week chart. In the past, this has been bullish.
This is the long term chart of BTC Vs DXY. Currently the DXY appears to be at it's peak, which means BTC is supposedly at it's bottom. What are your thoughts?
Bitcoin appears to be retesting the neckline of this Bearish Megaphone Pattern again. This pattern could also be viewed as a Head and Shoulders.
Bitcoin appears to be forming a fractal from 2014-2015 on the 2 Day Chart. What are your thoughts?
My concern is that the price is retesting the trend line too many times. Each time the price retests the trend line, the trend line gets weaker as more buy orders get filled.
One scenario I'm watching is this potential Had and Shoulders on the 2HR Chart. News of Elon buying Twitter could have caused the (relief) rally we saw yesterday.
Bitcoin appears to be forming a Bump and Run Reversal Bottom on the 1 Week Chart. There's also a Hidden Bullish Divergence in the Price / RSI. If this pattern plays out, then the target would be the previous all-time high around $69k.
In the Ultra Bullish Scenario, Bitcoin may be forming a massive Falling Wedge that stretches back to the beginning of March. The target of this pattern would be the top of the wedge around $48.2k.
Bitcoin appears to be at the bottom of this potential Bearish Megaphone pattern. Bitcoin could either pump up the the previously local high or it could just start dropping from here.
Bitcoin appears to be forming a Falling Wedge on the 1 HR Chart. The target of this potential Falling Wedge is the top of the wedge around $42.9k.
Bitcoins' recent dumps were caused by a Bearish Divergence and a Hidden Bearish Divergence.