cryptopicasso

cryptopicasso

Although BTC looks mostly bearish we are seeing some textbook signs of painting possible inverse head and shoulders reversal that can be seen 6 hr -1 day If this pattern manifests it would lead to 1 week or so of accumulation and uptrend after putting in the right shoulder lows on this 12 Hr momentum reset of strength. Then to a break of $11800 which is also my...

cryptopicasso

This pair keeps falling and although had a nice rally last week it has turned into a completed bear flag with a possible drop equal to the previous move down (the pole) which would line up with my weekly analysis of a drop down to 1.35 zone as the reversal area of major support possible 4-5% drop incoming will be looking to enter a short position on the top of the...

cryptopicasso

After almost 2 years of down trend BTC is looking pretty bullish on the daily chart we can see that the stoch RSI is on the floor, MACD looking ready to cross over after a 7 day flat correction from the last wave up. we have also held the 76% retracement which BTC loves to visit We have formed a 7 day triangle in this correction and to be cautious have...

cryptopicasso

Another huge crossroads for BTC - although there is alot of selling - every huge market dump gets absorbed and rises up - we already saw a huge stop loss pop after 270 held and now are still holding rising support and within range to follow ellott theory - this has come a long way from bottom but is precisely following the rules of elliotts and market psychology....

cryptopicasso

We are a t a major crossroads to determine trend from here - up or down were about to make a major move

cryptopicasso

Descending triangle denial and resistance broken on good volume - looks very promising to me for a nice run up this is also slowly lining up with my full moon bubble theory :D

cryptopicasso

BTC is going through a massive accumulation currently - although its still a coin toss it does look slightly bullish as bulls have defended the support area of 212 three times now - creating a "triple bottom" - note that this support line is the same line of the top of the ascending triangle that was broken out to create our run to $315 In my eyes bulls are...

cryptopicasso

Another round of bad news for bitcoin taking us off the path upwards - how it effects us remains to be seen closed out previous longs with slight profit and waiting for a clearer trade - keeping it very simple - buy or sell on clarification of break in support or resistance

cryptopicasso

BTC needs to rally hard away from rising support to set the trend - if it flatlines and reverts to support line as in the past fractal it will show weakness and most likely lead to continual bear trend and new lows

cryptopicasso

After consistent sell pressure we are still making higher lows as we roll into this full moon cycle If we can hold the rising support line we may have just completed a sharp wave 1 of a larger wave set to revisit key levels of the past before returning to rising support for another round setting the bullish tone

cryptopicasso

This is my 1st published chart here I am looking at the entire life of BTC at the moment as a completed grand cycle elliott wave each completed smaller wave set started into a new larger set which was sparked by a full moon could it truly be moon time for BTC not in a position right now but will be watching for any confirmation either way and buying any big dips