Kripto Seuntjie

Yes, please keep using Wall St. cheat sheet to identify which stage we're in, as if there aren't better ways to figure out when and where $BTC may bottom. Oh, and if you're wrong, just readjust the stage to fit your bias in hindsight.

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Looking at the recent swing bounced nicely between the 50% and 61.8% Fib retracement level. Using Fib extensions, points to $7943 - $8101. $BTC formed ascending triangle, breaking this will allow targets hit. Then, decision time major resistance from vpvr and trendline.

Resistance increases from 7750 and major resistance at 8200. Thats why I am say, if we can use 7600 to 7750 to build some momentum before going for higher resistance levels. But with saying that, we are struggling to even move into this range.

If $BTC can just make a move into this low volume range we may see some momentum. There is very little resistance in this range, but we struggling to enter this range. We have touched the resistance several times now.

Let’s do another Bart, up-side-down-Bart. $BTC

I just published “First Post: Q&A” medium.com/p/first-post-d…

Some thoughts on $BTC. I am not convinced that we are going to break $10k

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Seeing a clear Higher-lows Lower-highs pattern forming on $BTC this morning.

Here is a train of thought - #BTCUSD TradingView tradingview.com/chart/BTCUSD/8… $BTC

Some TA and thoughts on $BTC. tradingview.com/chart/BTCUSD/q…

#BTCUSD hit the 50EMA (~8K3) on the daily. First resistance level of many on our way to ~9K3. I personally don't believe we will get there on the first go. We would probably see some retracement. Let’s see how the day closes. tradingview.com/x/F0ciNvVi/

I know its only on the hourly, but that there my friends might have just been the first downwards trend retest. :) Seems we bounced.

It's a pennant, not a triangle. Sorry about that.

It would seem that we are in a bearish descending triangle. If we follow this trend I am expecting to see that we hit a range between $7088 and $7041 in the next 30 hours. I am going to keep an eye to see if we invalidate said wedge, if not, downward continuation is expected.

The next support should be $6045 if no new pattern is formed. But for now, I am keeping an eye on the $7088 - $7041 range. I welcome some alternatives or challenges on my analysis (I am a student of life).

Due to current sentiment, volume, and market state, I don't see a bounce on the bottom of the wedge. I am expecting to see that the pattern complete, with downward continuation. As you would see, there may be a second wedge (Yellow), but it would ultimately end in the same way.

I think we have a lot of support around this level. We may see 6k at which point the wedge will be pretty tight. The RSI might also be very over sold at that point. I would then keep a close eye on the volume, we going to need that.

We could probably see some more down trend. But a falling wedge can indicate a reversal or maybe in this cases a continuation since the previous low.