BTC - looking for pattern confirmation

31 mai 2018

BTC - scruffy chart update. Square up candle completed (purple dotted horizontal), looking for confirmation of either rising channel (dark blue), or larger broadening wedge (purple solid) .
RSI corrected out well at 4 hour but has returned to previous levels on the lower timeframes. Looking for a sideways movement here to allow further room to go up.

1 juin 2018

Note

Broadening wedge broke out. Channel still valid along with some other smaller patterns (refer chart).

Watching this ascending triangle (bullish) in the larger channel/rising wedge (bearish). Next move a possible pop up to the top of the wedge at around 77. Recent red candles are a bit bigger than I'd like but seem to be weakening.

1 juin 2018

Note

This is slightly more nerve-wracking - cloud thicker than I'd like. If we don't get the buying interest to break the triangle, channel, and cloud in one go, we may see a retrace around the bottom of the cloud again.

1 juin 2018

Note

Forgot to put that on first update oops!