Up goes the bitcoins. This is a test to see how well data can be retrieved from a chart.
Looks like we're holding above the 57.6k fib level for bitcoin. After the rejection at the bottom of the pitchfork channel I can see (in my dreams :D) a straight shot to 80k at the top of the channel (See yellow line) . Much more realistic is 64,000 level as that's the next step up on the fib ladder. It also coincides with the middle of the channel, as well as a...
Robin hood showed us the need for decentralization. The gateway to decentralization is daddy BTC. Not a lot of TA here but we out of the triangle.
I'm thinking we're in for a repeat of August here. dip down to the middle trend of the pitchfork and bounce to return confirms my suspicions. We'll get some ATH in the coming week, but be very wary of a big drop back down to the bottom of the channel. BTC has been respecting these lines for about 4 months now so I don't see any real reasons for it to break off...
Daily is behaving quite nicely for continuing this current uptrend. HOWEVER we're looking awfully overbought (anything above the blue rectangle is starting to be sellers' territory) Green is the most bullish scenario, Yellow is the consolidation scenario and red is the bears taking it back for a couple days.... Keeping my position NET LONG with a small hedge...
Don't see a ton of movement happening either way here until we break out of this fan-blade. Rough guess of movements for the next week or so.
We're hitting a 2 indicator junction on this chart. Looks like breadmaker is signaling an entry as well. Think we'll see some upward movement in relation to BTC over the next few days.
Looks like we're filling out a pendant divided by 2 fib lines. probably consolidate on the top before breaking down and hitting the bottom of the wedge. Any breaks above the resistance line signals a buy. anything below I'd be very wary of a big drop.
There's a nice repeating C&H on BTS 0.00% and I think we're just doing it big this time. Lets see if she follows the dotted line or not!