viper262

viper262

Looking at the previous major falling wedge and others, false breakouts are common. My target is the $2k area. If I'm wrong, then $16k is possible.

viper262 Updated 

An early break of falling wedge plus partial decline could be possible strong breakout to the upside. Targeting the .618--roughly 11.6k.

viper262

Maintaining a strong uptrend on the daily. Breakout of Descending Broadening Wedge. Target: $14.5K

viper262

Broadening right angled descending pattern with a potential to break to the upside or downside equally. However, with the appearance of bullish divergence and a bounce off of solid support, we could see an average of 28% climb--the green box.

viper262

Simple falling wedge prediction via pitchfork and trendline. Target: 4500

viper262

We've yet to see the worst of this bear market, possibly. Based on the past, a -60%+ move could be in the works. Placing us around $2.3k. We've just crossed the 20 ma, signaling more selling. Let's reevaluate BTC in the new year.

viper262

Here is a pitchfork drawn via rsi peaks and troughs. One way to properly draw a fork. This gives us a nice overview of what btc might do next.

viper262

Elder's force index is great at identifying reversals when the value becomes negative. On top of that, a bullish divergence signal can be seen with this indicator. Let's see what happens!

viper262 Updated 

Elder's Force Index helps to determine turning points in the market. If you look at the weekly, each spike in the efi has retraced to zero or below. The reading has yet to approach zero. However, when it does, a turning point could be near.

viper262

It seems as if we were consolidating (lower highs + higher lows) and have now resumed the trend. Just like the move before it. I used a simple pitchfork to predict the channel. Just be careful.