RSibayan

RSibayan Updated 

Hello Friends, Bitcoin's pump up to the $8,940 level has created a ceiling for an ascending wedge. If Bitcoin plays out this pattern, we're seeing a drop to the base of the wedge around $6,625, revisiting the steep dip of price back on the 16th of May. This will then prolong the climb back up to $9,000 and higher. The positive side of this will be the ability to...

RSibayan Updated 

Here's an idea, just one potential scenario of how this bullish trend may still continue to look like. The retracement everyone is expecting will soon come to fruition, but no one knows when. It appears that Bitcoin is currently in an accumulation phase at the $7,500. If the market structure will not be broken at $7,250 then the upward trend will continue. If...

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Hello friends, Here's an idea you may or may not agree, nevertheless, it's just a possibility. Every wise trader looks at every possible scenario possible when diving into any market. So here's just one potential scenario... It appears that we are in an accumulation phase preparing for the jump to the next level of about $11,650-ish. The parabolic curve does...

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At the time of this writing and publishing, Bitcoin has reached it's first stop over which is at the 0.236 Fib retracement level, which is a 15% retracement and is poised to continue dropping. Fibonacci Retracement Levels: 15% retracement at the 0.236 Fib level 24% retracement at 0.382 Fib level 32% retracement at 0.5 Fib level 40% retracement at 0.618 Fib...

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I've brought out the Fib Ret tool to determine the levels for dollar cost averaging in for Bitcoin. More chances to buy Bitcoin before the next bull run. Bitcoin now has retraced 15% to the 0.236 Fib level. Potential bottom will be 40% retracement at the 0.618 level ($5,050). When we reach 50% retracement, at the 0.786 level, there will be a greater chance we'll...

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A breakout may just push Bitcoin to the 6th Base at the 2.618 Fib level and retrace to 2.5 Fib level. Stoch RSI momentum is shifted to the upwards on this 4 hourly chart. $9,437.30 red line coincides with the retracement of the 2018 bear market at the 0.618 Fib level and may be the resistance for this parabolic move of bitcoin which may be the end point for this...

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Brought out the Fib Ret tool and the point of origin is from $3356 up to top of the 2nd base of the parabolic curve which is at $5650. Base 4 has camped out at the 1.618 for a short while after it retraced from the 1.786 level. Price then continued to push up and reached the 2.0 fib level. At this moment, Bitcoin appears to be pushing upwards. If Bitcoin chooses...

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Bitcoin bulls may leave a huge gash on the bears as they gore their way through. The price will rise faster and faster as it passed the 3rd stage of the huge parabolic curve. Price tends to double from the end-point of the 1st base to the end-point of the 3rd base up towards the top of the curve. Target price appears to coincide with the Fib ring at $6,800 if this...

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Trend is your friend until the end. Bitcoin now in a very very tight spot and the direction where it's headed is obviously upwards. Short term forecast appears to be a break out and target price is at the next Fib ring ($6,800). Although, Bitcoin always has the tendency to surprise everyone and may always choose to go the other way. So, place your stops at the...

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Healthy retracement is forecasted in the short term for Bitcoin. If it plays out, the drop will be towards the red rectangular area, target area is $5,565 which is the base of the wedge. The other potential scenario is that Bitcoin will break out from the resistance line up towards $6,430, although with low probability. Place your stops at appropriate...

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Price action on Bitcoin has formed a repeating pattern since it pumped up early April 2019. If it plays out the same pattern, price may potentially reach $6,200 if it rebounds from the support line at $5,300. Other scenarios may turn out that the price may push higher than the resistance line or price may drop lower than the support line of the rising broadening...

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The pit is deep and the bottom is nowhere in sight. We continue to descend in the next week or two, and possibly a great big breakout to the $2K or $1K levels to start the year 2019. Great big opportunities ahead to accumulate BTC.

RSibayan Updated 

BTC prices have been squeezed for quite a while now and has respected the borders of this falling wedge. It's now on the brink of breaking out. BTC price actions have shown very similar patterns, circled as such. Don't forget to put your stop loss, at about $3,600

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Chart appears to show BTC might be taking a similar path as it did in August 2018. If it does, well, get ready for a short bull run and a possible steep drop to bring us back down to our current support levels. Don't forget to put a stop loss.

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RSI showing future bearish trend for BTC . Don't forget to put your stop loss.

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1. Bullish Candlestick Pattern/Tweezer Bottoms 2. Bullish Divergences on the RSI 3. Don't forget to put your Stop Loss and Target Price.

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Bearish market with downward moving prices at the 4 hour time chart has created this channel up pattern.

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Symmetrical triangle formations with 2 or more Higher Low and Lower Highs on an up trend or bullish trend more than likely breaks out to the upward direction. Don't forget to put your Stop Loss position.