I'm Using stellar/btc as an example but this is the case of many other altcoins, alt season is on its way, we can see weekly accumulation bars. Statistically stellar most likely to make its monster move around November
this is another example of accumulation bars that Bitcoin did early this year. Very tiny bars that always make higher lows, we can often see an inverted hammer with a long wick on the top during this period
btc breaking out the 21 ema on the 4 h chart, and doesn't have any bear divergence on smaller time frames, looks good for a breakout above $8500
btc update, reached $8800, got a rejection from the 200Dma, now what? In my opinion this drop is another buy opportunity, is just printing the first higher low after the daily bull divergence it made and will continue to go to $9k/$9.2k, I don't see a hidden bear divergence on a daily scale so no reason to make it lower than $7800. we already reached the top for this weekly candle but somewhere during the next wee is most likely to reach the $9000/$9200 area.
Btc 30 min chart shows a small accumulation zone with bullish divergence at$8300/8350 with target 1 $8490
Bitcoin 100 weekly ma keep being support at $7800, now looking to go $8300 in the short term, daily chart also shows reversal, slowly working is way up.
Just repeating the same bottoming pattern that made at $3200.. .the current resistance to consider a brekout is above $8700. So if this pattern is playing the same you will see bitcoin hitting $8700 in the upcoming week.
same situation than in $3500, you are seeing so many altcoins going up already, and you will continue seeing this, they will rise more than bitcoin until bitcoin manage its breakout and start another strong uptrend.
These are short term targets, mid term I Remain bullish with a possible target of $11.400 in November/December
hey guys, bitcoin reached the short term targets within a day after posting the analysis, I didn't expect to to be that quick.
Here is the update, I see a huge ascending triangle(bullish pattern) on a weekly scale, selling points are $11.500/$12.000 support of the triangle (buy zone) $8600/$9150, I don't believe we will see $7400/$7900 again.. The strengh of this move is saying that most likely will continue to go higher to the top of the triangle $11.500/$12k
Here is the update, I see a huge ascending triangle(bullish pattern) on a weekly scale, selling points are $11.500/$12.000 support of the triangle (buy zone) $8600/$9150, I don't believe we will see $7400/$7900 again.. The strengh of this move is saying that most likely will continue to go higher to the top of the triangle $11.500/$12k
One more thing, I don't know when it will breakout above 12k, but probably it won't do it at this second attempt, it can take months in a tight range, I draw a red vertical line, check the bottom right of the image, it has an approximate date where it could be locked inside that structure.