Some support and resistance along trend.
Possible to see the price play within the channel.
If the channel is broken upward we can see a pop in the price. 100k is a key psychological level.
The areas where the lines intersect are major points of s/r
I see BTC currently at its last crucial support around 45k.
If we see this break down we can see 40k-37k as the next major support.
RSI historically shows that the bounce from over sold levels are followed by an increase in price. RSI major support at 16.2
There's a lot of FUD in the market so be careful in taking high leveraged positions.
As seen from the previous mini pump, it accumulated first before the next big pump.
Right now we just saw the small pump and looking like going to accumulate again for a few weeks before the next big pump.
Gains of around 300% are possible.
After breaking down from the rising wedge we see it retest the bottom of the wedge and failed. The target for this break out is the bottom of the wedge at around 48k-47.7k usd.
Currently it's testing support. Possibly to see a bounce here and continue the downtrend to 48k.
If it bounce from here we can possibly see a retest at 58.5k and consolidate within the...
Been in a solid downtrend as ETH prices surge.
We can possibly see a reversal as it hit the bottom four times and the recent moves are forming higher lows.
The closest resistance are marked as the white lines.
Could be a good accumulation zone within the orange box.
Formed a rising wedge after the bounce off the trend line. Currently testing support but RSI is already starting to break support.
Possible drop to the trend line once broken out of the wedge.
Short once support is broken (bottom of wedge)
After the break out from H&S pattern, BTC is now forming this descending triangle in the 1hr chart.
If we break the downward resistance or top line of triangle we can see the price reach back up at the top of triangle or green line.
In case we get rejected at resistance we can see price test resistance at bottom of triangle, red line.
If we break the support of...
In this descending triangle. Usually a bearish pattern.
The long wick is telling us the bears are strong and it pushed the price back in the triangle.
If we break the local support we can see a retest of the major support which is the bottom of the triangle.
28k and 24k are major support areas to watch if it breaks down of the triangle.
Inside this ascending wedge. It is commonly a bearish pattern.
As long as the price stays within the wedge we can see new all time highs of 1500.
There is an estimate of 14-15 days for it to complete the pattern.
Looking to test critical resistance (pink line) if price gets rejected possible fall into bottom line of wedge and possible break down.
In a descending broadening wedge. This is a bullish pattern usually indicates a reversal of a trend.
Currently testing resistance. Resistance has been tested twice and the bulls are looking strong. We can see an increase in price upto the top of the channel if we break up.
The bearish scenario can take the price down to 30k-28k
I'm just currently waiting for...