BTC - Something to watch for.

Two options: Bullish break out from symmetric triangle for a continued short term rally. More likely, a break down of symmetric triangle off TD 8 or 9 daily count, with a head and shoulders pattern and further breakdown to red buy zone.

Note on this next buy zone: I've become very doubtful this next buy zone will be our bottom.

Zlecenie aktywne:

I'm still targeting green line as target 1 and possibly blue line as target 2.

Green trend line should coincide with Daily TD 9 and 128D MA, making it very strong resistance. Target price just below $7300.

Komentarz:

4hr chart may have a short term sell off. Watching for something like below.

Komentarz:

Komentarz:

Broke down last night, but I think a bounce here at support and MA with oversold RSI is likely. I may have to reevaluate my targets if this plays out this way.

Komentarz:

Komentarz:

I'm inclined to think a break out is coming with golden cross of 50 and 200 on 4hr; however, be extra cautious with the TD9 sell candle on the daily chart. Still going to hold my target of $7300, but a breakout may bring it higher to $7500 area. In that area we should hit overbought daily RSI and TD9 sell candle, so should be a good exit.

Komentarz:

Komentarz:

Right on track.

Komentarz:

A little early, but perfect hit. Now to wait to see if we can push higher or if that is it.

Transakcja zamknięta: osiągnięto wyznaczony cel

Komentarz:

Watching for a decisive close over resistance or breakaway, but the chance of a break out here is looking reasonable/likely.

Komentarz:

Break out was not decisive and failed to close above resistance. Daily RSI is trending down from over bought on a TD2 candle. If the 2 candle can not decisively close above the 1 candle, then I will expect a significant pull back. If $7K is broken, I will then start targeting lower lows, likely in the $4.5k area.

Komentarz:

Possibly something to watch for.

Komentarz:

Breaking out.

Komentarz:

Channel broke