TommieV

TommieV

Currently btc is in a falling wedge, the bottom line isn’t perfect but they are holding the descending line, I made it green because I believe this line is to greedy and we will see 1 more try to get above the red line… the red line is the descending line of the descending triangle.. Because i wasn’t active enough i could not shot this line, so currently I am in...

TommieV

are the bulls able to get a run up again and form a bullflag? should hold support above 57000, if they fail to hold support, the 0.786 should had as support. if that fails a potential bounce at the descending line (see arrow) at the moment i am short at the 3th wick of the red descending line.. will only swap long when this line breaks or if i see support...

TommieV

If this breaks up, we might see #BTC trying to test the daily descending line. If breaks down, we might go sideways or try to test daily ascending line again.. Btc with an low rsi on daily it is for more more likely to test up first

TommieV

#BTC is forming an symmetrical triangle on daily frame, both breaking up then BTC can run towards 52k and we might see an continuation of the bull market!! BUT!!!! If BTC breaks down, we Will be entering an bear market where btc can drop towards 21k!! My tactic on this pattern, will be shorting or long rejects or bounces. And if an line breaks I will follow!

TommieV

if btc drops below 35.5k we could see an massive sell of towards 29.5k

TommieV

btc is forming an potential ascending triangle on 4h BTC is very bullish at the moment but an retrace has to happen at some point. targets break up 37k-38k. as i am long now i will take 50% profit in this range, if i feel we might drop from here i will short with an stop close above 38k. if short here that will only be an scalp trade! i like to plan for long or...

TommieV

Many will cry before new year! My fomo short target @18000 Thank you Just need to close below the 50MA on the 4h 🥳🥳🥳🥳🥳🥳🥳

TommieV

Daily forming an small symmetrical triangle. Target long 12000 Target short 10800 Ascending support @ 11340-11360 Descending resistance @ 11450-11470 At this point in my opinion there is an bigger chance that this breaks up . We came bullish into this symmetrical triangle, usually the way it comes in it goes out.

TommieV

Target 10770

TommieV

On the daily chart btc looks to be in big trouble! There is an big descending triangle forming with an support at 9850. For now after the double bottom at 9850 btc has an ascending support. If this line breaks target is the double bottom at 9850. If btc breaks the descending line target is 13400! If btc breaks below 9850 target is 7200-7300 if that happens...

TommieV

Btc dropped back into the symmetrical triangle, most of the times if an pattern plays out and gets back into the old pattern, it breaks to the other side. So for now we might see an bearish head and shoulders, if breaks below the neckline btc can form a nice Bart down towards 10150. For now the ascending support is been tested if this hold btc still can go up...

TommieV

Btc is forming an symmetrical triangle / bullflag on the 4h timeframe. The green lines are the targets for symmetrical triangle and the orange lines for the bullflag Targets long 10950 - 11350 Targets short 10350 - 10060 If it breaks up btc also needs to break the 4h 200 MA even if line gets broken it might be an fake out so probably wait for an break of the...

TommieV

Still in play made a chart already on the 4h now bounced for me this is the top of the right shoulder, Daily for now rejected of the 21EMA This chart will be invalid if btc hits 11k Target 8900-8800

TommieV

Maybe very maybe we have an inverse head and shoulders target 10420 But watch out if long! We might drop even more markets looking very bearish

TommieV

1h could form an decent bear flag with an drop toward the neckline of the daily/4 h bearish divergence Target 10080-9859 If break above descending line btc could Bart back up Target 10800-11000

TommieV

Is btc preparing for an big move to the down side? In the short term I am bearish on btc as there is an bearish divergence on the monthly candles! Also we are in an big resistance zone as we have closed below the weekly double bottom. For me this is an potential move we can see in the next 2 weeks. An Bart down towards 9850 to form the head and then bounce...

TommieV

Perhaps we will see an weekly consolidation between the green line(support) and red line (resistance) If weekly closes below the red line there is an big chance that btc will go back to the green line. If an weekly candle closes below 10080 (0.618fib) on my chart, it might be best to ignore the green line as I expect for a bigger drop. If weekly closes above...

TommieV

Bearish head and shoulders We had an breakout/ fake out yesterday Now we are back in the symmetrical triangle and forming an bearish head and shoulders on the 1 h time frame, I expect an dump to 10600! If we find support and consolidate on 10600 we might can flip back to be more bullish. Also watch out as there an bearish divergence on the monthly candles....