blakeren

Bitcoin Bullish for now

Long
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BITSTAMP:BTCUSD   Bitcoin
Can see BTC forming an inverse H&S. Think it will break a major descending resistance before hitting a key resistance level and testing that line gain. If it holds it should look to head for the major resistance. Also coming out of a descending wedge
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Currently looking to break descending resistance. Currently looking like a nice flag is forming. If we break here I will be looking for a target at 9.5k before a pull back to complete an inverse H&S

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Moving up really nicely
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Some bearish divergence and a break in support of the uptrending pitchform suggest we will see the price retrace here before looking to 9.5k. Looking for it to hit around 8.5k

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8.5k was hit, now with bullish divergence I would expect to see it reach 9.5k in the next couple days. Ascendng channel is now confirmed and we're looking to hit on this move

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Looking like seeing 9.5k in the next 24 hours
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Following this channel up. Bullish divergence signalling we're ready for another push

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Showing some bullish divergence. Would want to wait until the MACD crosses up to enter a trade however
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Just about to hit 9.5k. My prediction I feel is now invalid as it has taken too long. Would love to see us break the $9,500 mark, from there I see resistance at 10.1k and 11.9k
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Some bearish divergence here could see us fall back before breaking through 9.5k. Could see a fall to around 9k

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Broke 9.5k really nicely and bounced from it even better. Will start a new idea for the next stages

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