CryptoElf557

CondolentElf557#8994843 #CODBetaRecord @CallofDuty

#btc 1D. Left is bottom of September correction. Middle is current. Right shows that price is currently reacting to the same trend line. If this line continues to hold and a higher low is put in then #btc might well be in its way very shortly.

#btc 1D Price battling with the upper trend line of the falling wedge. RSI has already broken out of its downward sloping trend line which is usually a sign that price will do the same.

#btc 4H important level approaching, currently sitting at 56791(yellow line).

#btc 1D support seems to have held as price starts to make a move towards the upper trend line of the falling wedge

#btc 1D This trend line may act as very important support. We will see how price reacts to it over the coming days.

#btc 1D very bullish break in the RSI, still need to close this candle though. Last time the RSI broke this trend line it led to 42% upside, RSI is substantially lower this time so could potentially lead to more than 42% upside.

#btc 4H broke to the upside of the descending triangle with a breakout target near 64k. However I think the 60k area will act as significant resistance for the W bottom

#btc 4H W double bottom looking pretty clear as long as that support holds. Now all it’s gotta do is come up and break resistance at 60k which would lead to a technical target of 64k

#btc 4H potentially forming inverse head and shoulders. If resistance is broken the target it 64k.

#btc 4H falling wedge. A break would lead to an upside move towards 60k before significant resistance

#btc 1H W bottom. Break resistance at 57.2K should lead to a move to 59K.