BottomZen

Bitcoin is consolidating around previous all time highs. It has been following the green uptrend since Jan. We broke out above that channel on Feb 28th. After a little fake-out the previous channel resistance became support. Around the same time we were breaking out to new all time highs. Now the top of the green uptrend channel and the previous all time high are converging and acting as a new support. Sure looks like a massive cup and handle pattern we just printed on the weekly and monthly charts. On the shorter timeframes, Bitcoin is really holding on to that $67,400 ish support region. Anyhoo... NFA... I've been outsmarted by some dogs and still tie my shoes using the bunny ears method.

Waiting for MANA to pop, its been consolidating for a while. Will BTC and ETH gains come here in attempt to recover this near 50% loss?

Looks like we've broken out of previous pattern, 50-100% upside?

Bitcoin has dropped out of the channel it has been trading in for the last few weeks. If this support fails we could easily fall back into the high 30's. Larger timeframes are still looking very good but if we fall much further none of that will matter.

Looks like the recent bitcoin downtrend is trading in a downward descending wedge. I suspect we'll continue to squeeze into this range until it pops to the upside.Channel breakout? Now showing sign of support?

We have invalidated the potential head and shoulders that may have been forming and have broken through a major resistance level. The weekly MACD is green and the daily is about to turn green as well. I am hopeful for a big move this weekend pushing us right past 50k. We might get some resistance around that .235 fib line ($52k area) but it looks like we could climb as high as 57k within the coming week.

While we had a nice little pump out of the last minor downtrend, it was not enough to paint a higher high. Now we are left with a pretty massive head and shoulders pattern forming at a major resistance point.... There has still been massive bullish pressure. Dips are getting bought right up and everyone is sure 50k is coming next candle. I am playing the risk management game as of now. Stonks have been getting beat to sh1t, delta variant, coming inflation, questionable future of high risk investments and the general moonboi attitude are all pointing to doom imho. Bitty never does what everyone is sure it will do... I still think a .50 retrace of the upswing is possible. I know its not fun in the short term but I think this would be the most bullish outcome. The upside from that correction could take us well past 50k and put us on track to paint a new all time high and really resume the btc bull market. I'm short til 40k and playing sidequests/alts until bitty corrects. Peace, love, and crayons -djb

The previous market structure has broken down and big daddy bitcorn is falling like a rock. We had been trading in an uptrend for the last 26ish days and saw massive gains. It is surprising it climbed as high as it did without some sort of correction imho. I hope you remember to take profit. I don't think an hourly "death cross" is actually a thing, but traders do appear to respond to it. As you can see in the cart that would not have been wise the last time it occurred but we did receive the signal once again and that may exacerbate the already over-extended market indicators. The 44k psychological number lines up with the .236 fib pretty well. It's reasonable to think that area could hold but also consider the visible range bands for this last leg up. The largest area of support seems to be closer to 40k. I think it is possible though that we fall all the way down to the .5 retracement area which lines up pretty well with the bolder dark red line. This is the top of the previous descending wedge formation. This suspect this previous resistance would be very strong support. Timeframes larger than daily are still bullish as af though... Weekly MACD just crossed to green. Those larger timeframe indicators might just be enough to keep us away from that 50% retrace / touching the previous wedge top. Personally, I'm laddering buys all the way down... Considering the larger time frames, the larger the pullback likely means the larger upswing. Moon mission rescheduled for next week? p.s. i'm an ameture crayon eater who likes drawing lines, I am just learning fib retracements so please halp if I am doing something wrong and for glob sake don't listen to anything I say and dyor peace frebz!* You have to drag the chart a bit to see the fib indicators on the left-hand side. My bad!

BTC has broken down outside of the channel it has been trading in. I'm expecting a red week this week with BTC revisiting 42-43k area before resuming its moon mission. Daily MACD crossing down. Volume on the decline.Sorry moonboi's big daddy corn wants blood. Moon mission rescheduled for next week. I'm looking for entries between 43 and 42k.

There has been a lot of green lately with a test above 36,5 key resistance area. Bears appear to be gaining control in the short term but larger timeframes look bullish. My guess is we'll see a fake dump outside of this channel to shake out weak hands before it switches course to come back up to the trend's support line. Just a guess