A continuation of the previous price action in this Rising Channel could bring a new all time high of +$90k
S2F model shows bitcoin is still on track. Also, we see that this cycle has repeated after each halving (red lines). At each mid cycle top (there has now been three) we see that it also represents the next cycle low. Another thing to note are the peaks in the S2F model AFTER each halving; they show where the price will reach BEFORE the Blow-Off-Top Act Accordingly
Dubious Bar Pattern Prediction. Ever wonder if there is some ultimate market manipulation software / Quantum Computer where all you have to do is copy*paste bar patterns?
Bitcoin is showing sharp bullish divergence on the RSI in conjunction with a double bottom. After a break above $38K and now a retest is confirmation of a trend reversal. Target: $55-60K
Here BTC shows us that once it tops the legacy trendline a +50% correction is imminent. However, following these moves a massive upswing takes place.
"The bullish butterfly, which indicates when traders should buy, and the bearish butterfly, indicating when traders ought to sell. Butterfly patterns help traders in spotting the end of the current move so that they can take the trade. The bullish and bearish butterfly patterns have the following characteristics that can be used to identify them. AB can retrace...
A re-adjustment of a previous Idea. Here we see a double bottom forming under the Fibonacci support that was breached. Previous moves like this show a substantial increase in price of over 100%.
Bitcoin is trading in the lower trendline area of this rising channel. A rejection at $65K and a break down of the channel could see this play out.... and we have all seen a rounded top. I
RSI is bouncing off the lower levels with strong price action to the upside. This has been a consistent move for BAKE in the past for big gains.
After each RSI bottom there was at least a 50% price increase. We are near the bottom again. Be ready
Broke above the legacy trend line. Retesting before a return to volatility
RSI is showing a consistent double bottom at the 50 value. This corresponds with the several double bottom patterns on this short term chart.
looking for a strong bounce to continue to ~$70
everything is going to be ok. Buy the dip