TommieV

TommieV

Btc might be loading a big short squeeze. Btc is breaking the rsi descending line, if we get a close above the descending line. This could trigger a nice dump and set the next leg up for a bullflag. Watch out for fake outs, there are a lot of wicks and those could act as resistance. First target 8.4k Second target 8.6k And if this triggers a big short squeeze...

TommieV

This could get very ugly for btc, we are at the top of what could be an beat flag on weekly frames. Target 6k We already had a short squeeze/ fake out.. now it is time to go down more again, if btc drops below 45-44 rsi support it could get really nasty! Also the whole run up brought us to the 0.618-0.65fib for the bears, so this whole bullmarket could just...

TommieV

Looks like the total market cap has a decent bearish divergence. Also created a double top on the 1h chart. Watch out with longing 100x there could be a small pump but eventually I think all coins will go down mid week

TommieV

1h forming. A symmetrical triangle / bullflag Targets for long triangle out break 8.4k bullflag outbreak 8.6k Watch out, this could have been a small relief rally, total market cap not looking that good and shorter time frames close to overbought, if btc breaks down target is 8.1k and must hold above that line to keep bulls alive (for now) If you like the chart...

TommieV

Possible ascending triangle forming on the weekly timeframe. Target for long 10000-10150 if this happens we still could be in an bullmarket as we break the 21EMA on weekly timeframe Also this could be a bear flag with targets between 5700-6000.. You can see with the price range tool that the reward is higher to break down. More bearish indicators are that we are...

TommieV

It might break down soon, as the 50and100MA can cross down as well bearish indicator. But bulls can try to reject the cross and pump it up again. Target for short 7950 Target for long 8700 I’ll trade a break of either line, don’t want to long or short support-resistance as we are getting close to the point it has to break a side

TommieV

H&S forming on 1h/4h target deep down! 6000ish Doesn’t have to happen but looks like it

TommieV

Daily still looks very bearish, Watch out with longing, It can happen but wait till daily atleast closed above descending line. And if that happens there are a lot more bearish signs. Long when broke above 200MA and above 0.5fib Until then scalp or build up a juicy short with a stop above descending line

TommieV

We might see an bulflag happening soon and pumps toward the 0.5fib We came Into this consolidation bullish, previous higher high shows a double bottom, and also a touch of support after breaking into this zone.. Targets 8.5k if daily close above we could see a potential off hitting a range of 8.8k and 9k There are also bearish concerns which make me believe we...

TommieV Updated 

Looking pretty bearish again after the rejection at 8310 Daily descending. This could really be a juicy spot to open some shorts.

TommieV

I took small losses swapped to long.. Still high risk looks like the 50MA on the 4h wants to reject, but still early to tell.. Stop already in decent profit because if the 50MA rejects we can get go back down.. But for now it seems to me that bulls want atleast to try and test the 0.5fib and 200MA daily there will my target be if that breaks 9.1k

TommieV

If break above the blue I’ll turn more bullish but for now I re opened a new short..

TommieV

Possible bear flag or Bart... It looks like btc is going to drop the next flag pole down.. this could happen when btc close a daily candle below the pink line.. best for the bears would be a close below 8k on daily I have 2 targets... near the 0.618 fib at 7200ish or might drop lower towards 6k what always have been a decent support... If close above the pink...

TommieV Updated 

We might still see an inverse head and shoulders. Getting close to it! If bulls are able to get a 4h close above 8.5 (0.5fib) and above the 50MA that could set it back up to 9.1-9.3k I opened a long on the break of the descending triangle. Took 75% of my position and will add to that position when they get a close above 50MA and 0.5fib If this happens and we...

TommieV Updated 

Lines where to sharp on previous publish.. Red line is the 100MA weekly. It might break next time they test it.. Target around 7k little below the 0.618.. probably dipping below there because many will want to 100x exactly on that line.. If unable to break the 100MA and a bounce will get above descending line... Target for longs is 8500.. 0.5fib I shorted...

TommieV Updated 

Looks like we had a decent bounce that appeared to be a fake, previously we broke down from a symmetrical triangle, it looks like this is extended to an descending triangle, if we get a daily close or 4h close below 7.9k this could drop towards the 0.618 fib around 7200. Also a decent timing as we will have a new weekly tonight, I think we will see a break down,...

TommieV

Looks like btc is bouncing back up, open long if closes a daily or 4h above blue line, but might be breaking down, open a short when closes below pink line, long target 8.5-8.6k short target 7.7-7.8k

TommieV

We got a 4h close under what should have been the break out, so for me the ascending triangle is rejected we could still see the bear flag play out... The blue line with the arrow is descending resistance off previous symmetrical triangle. Opened a small short staggering orders towards the blue line with a tight stop loss above it. Targets near the 100weekly ma...