BSW01247

BSW01247 Updated 

It looks possible that we are in this weekly falling wedge structure.

BSW01247

Multi year ascending trendline of support touched.

BSW01247

Doji morning star candle on the weekly. I still expect our monthly candle to close above our key resistance area of .00001538ish. Let's see what happens, very exciting.

BSW01247 Updated 

There it is. Volume diminishing. Let's see where this takes us.

BSW01247

A triangle of sorts. Nothing wrong with positive thinking. Supposedly, per Fetch.ai's tweet on Oct. 6th, an announcement should be coming soon, "90,000+ members milestone reached for the #DeFiAgents! And that's not all! Stay tuned for another major announcement coming VERY soon". Is this, potential triangle accounting for that?

BSW01247 Updated 

We are retesting our previous strong weekly resistance for the preceding two run ups. If we hold it as support an epic bounce and, potentially, new local high will follow. Also, noteworthy, is our cross of the weekly EMA ribbon (FET/BTC) for the first time ever. Calm down, zoom out, and be ready FET is about to soar!

BSW01247

Asymmetry

BSW01247 Updated 

I think this gives clues as to BTC's intermediate term price action (I define intermediate as the next 3-6 months). My suspicion is that BTC will continue to draw market share from gold in the intermediate term.

BSW01247 Updated 

Target is the Red line. Also, notable is our daily EMA ribbon attempting and not far from a bearish reversal. Daily stochastic RSI is, also, near a top and just had a bearish cross. Should be interpreted as a time of caution, at the least.

BSW01247 Updated 

It's possible and probable.

BSW01247 Updated 

You tell me.

BSW01247 Updated 

A great battle has taken place over the fate of FET/BTC. The passing of the weekly EMA ribbon, for what would be the first time ever has been mightily challenged. However, were are approaching significant support and other factors portend to a dramatic price action to follow in the weeks to come.

BSW01247 Updated 

This could, of course, fail; but should be considered a viable possibility as well.

BSW01247 Updated 

Whether it is or not it looks likely we will see some bullish price action shortly.

BSW01247 Updated 

Ascending triangle. BTC with a key monthly close soon. Fear present in the market like nobody's business. The majority seems to think BTC is going to 20K or below. The majority is usually wrong. Is FET giving us a hint at BTC's coming price action?

BSW01247 Updated 

This is a KEY weekly resistance. We could, obviously, wick below this, but this is where FET will make it's stand. Blessings to all!

BSW01247

Note, also, the reduction in volume.

BSW01247 Updated 

4 hourly. There could be something to it. Volume has been diminishing as well.