Ascending Triangle...we are about to break bullish. 10.5K within a week.

[DrBitcoin]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

[1714679563]

1714679563

[1714679563]

1714679563

[Pearls Before Swine]

You might want to fix the format on that link.

$10,500 within a week?  Okay, bump this thread in a week and we'll see if you're right.  I've no idea what an ascending triangle is or means, but it sounds like one of those geometry gems that traders trade on.  Am I right?

I'm very bullish on bitcoin but I'm also hoping it doesn't pull a 2017 on us all.  Increasing by $1000 in a week might be a little too much...but we'll see, right?

[DrBitcoin]

You might want to fix the format on that link.

$10,500 within a week?  Okay, bump this thread in a week and we'll see if you're right.  I've no idea what an ascending triangle is or means, but it sounds like one of those geometry gems that traders trade on.  Am I right?

I'm very bullish on bitcoin but I'm also hoping it doesn't pull a 2017 on us all.  Increasing by $1000 in a week might be a little too much...but we'll see, right?

I’m not a trader. And I am an amateur. But I’ve been in Bitcoin since 2014. I sense that things have settled and we are moving up. Just my feeling.

[STT]

Try a bigger graph, I cant see the time scale.   I have a decending trend that needs to be broken, its a triangle with some slight incline at the bottom also.    The main deal is we are above the 200 day average at the moment.

My tiny chart also :



Two possible negative trends, we beaten the more aggressive one and a higher trend of lower highs lines up with 200 day average for the moment but there is also an area 9500 to 10k roughly it needs to confirm above to stay positive.  

[InvoKing]

You might want to fix the format on that link.

$10,500 within a week?  Okay, bump this thread in a week and we'll see if you're right.  I've no idea what an ascending triangle is or means, but it sounds like one of those geometry gems that traders trade on.  Am I right?

I'm very bullish on bitcoin but I'm also hoping it doesn't pull a 2017 on us all.  Increasing by $1000 in a week might be a little too much...but we'll see, right?

I’m not a trader. And I am an amateur. But I’ve been in Bitcoin since 2014. I sense that things have settled and we are moving up. Just my feeling.

Triangle and other sophisticated analysis are a way to predict the tendances of the price. However bitcoin is very fluctuating vs other currencies and with such volatility it is hard to give a good prediction...
I predict +$10k in the next weeks too since at the end of the year we saw almost the best price during the year

[error08]

Well, it may be true, look at the market charts, look at the market sentiment, look at the TAs.
Bitcoin's trend has changed from "sell" to "buy" right now.



Another prediction from BitFink
It's time to buy more and accumulate more bitcoin to your wallet.
The white line is halving

[adaseb]

In my opinion it's about 50/50. Sure we got this triangle and we are in a large bull flag but keep in mind that there is a CME gap that hasn't filled yet and since $9000 support broke a few weeks ago we are now in resistance areas if you look at the weekly chart.

Hence this is why price action is important and you should wait for a move first before taking any action. This is similar to what happened last November we basically were trading sideways until mid November 2018 were we broke support and kept going downwards and downwards and downwards. So wait for the move and then enter the trade.

[boltz]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

Triangles in bitcoin charts form every month and they never break until now to huge spikes so I doubt it will happen now but hey if it does , I think we're all happy , right ? It would be time to break that 10k$ range again in hoping we will never see Bitcoin under 10k as we stayed to much into the bear market so its time for a change of winds as the signs of bulls being here are quite visible into the markets with strong accumulate zones.

[wajik-tempe]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

Price chart looks strong on 9,2k resistance and stand still for a week. I think not much longer the price will move either it's going to 10k or it will have more correction to 9k.
We hope the market will green next week because i've already invest some in BTC. 10,5k would be the next resistance if BTC can break it.
But always prepare for the worst chance that btc can go down to 9k again, if it failed to reach it's next resistance on 10k+

[jrrsparkles]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

Not much of movement in the daily graph for the past few days so are you sure we are going to break 10K again?

Maybe for a short term but people will again rush to sell their bitcoins once it reaches 10K level so it is going to be gambling on the speculating things until the bitcoin halve.

[Tylev]

I have been convinced more than once that Bitcoin is not amenable to any technical forecasts. It begins to fall or rise in price very often contrary to expectations and forecasts. So far, I see that the price of bitcoin practically stands still at around $ 9,300. In general, this is a good price for it, but at the end of the year we expect a significant increase in the price in the cryptocurrency market. Now, bitcoin at any moment can begin to grow rapidly in price, and can stand still for a long time.

[pooya87]

you are getting too excited again by seeing a small movement in a certain direction. you did that with the drop to $8k where you were expecting $6800 "soon and going lower from there", and you are doing it again with this rise.

the fact is that it is not possible to predict price movements at times like this. specifically when you are predicting a "break out" which is proven to be hard at times when price is to break a big psychological resistance such as $10k. not to mention that if it is broken then the price could shoot up a lot more again similar to all previous breakouts. so we should technically see at least $13k.

[Oasisman]

I have been convinced more than once that Bitcoin is not amenable to any technical forecasts. It begins to fall or rise in price very often contrary to expectations and forecasts. So far, I see that the price of bitcoin practically stands still at around $ 9,300. In general, this is a good price for it, but at the end of the year we expect a significant increase in the price in the cryptocurrency market. Now, bitcoin at any moment can begin to grow rapidly in price, and can stand still for a long time.

It is somehow amenable to some extent, specially to those who are following TA's, and there are quite a huge number of them but that doesn't mean the market always follow where the technical forecast is heading. Charts aren't even a very reliable source because it cannot fully control the emotions of the traders and investors.
Yet, it has the closest outcome more than just random predictions coming from the big names in business industry.

[sheenshane]

That is a spirit of bullish mind but I think breaking $10.5k is too high level if we technically predicting by next week and probably less than by that. I believed there is a bullish trend awaiting and I saw technical forecasts from different well-known people like “Prophecy of Asuka” and the tweet of Binance CEO on this thread. They are technically forecasting that Bitcoin will get in touch to $16k soon and probably that was the start of the next halving event.

But as of now the current price of Bitcoin is in the $9.2k in the CMC, it is not hard to reach even $13k within a day just like what happened last week it was rapidly moving upward from $7.4k up to $10.5k. But let just see what happens and accumulating is the best option by now.

[exstasie]

I've no idea what an ascending triangle is or means, but it sounds like one of those geometry gems that traders trade on.  Am I right?

http://thepatternsite.com/at.html

Thomas Bulkowski's backtesting says they break upward 63% of the time.

They more commonly appear as continuation patterns rather than reversal patterns, but the OP's fractal could play out like this:

[Kyraishi]

Bit of a hard to see chart, try and make it a bit bigger just via paint, or take a larger screenshot of the application you are looking at, just to make it easier on the eyes for other people.

With the pump happening last week, it seems like the main course of action for everyone is the buy, and I am definitely seeing a lot of that happen with the current market. For it to bump over 10 percent during a week though, that sounds a bit too much, it's been done before, not sure about this time though.

[Sadlife]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

the last time i see a thread created by you is very Bearish and you have predicted that bitcoin price will go below %7k and drop to 6k$ but it doesnt happen though very close since we step down to almost below $7k
so from that i know i can find you reliable in prediction,now that you turns to bullish i think i love waiting this 1 week duration and will be glad if this happen,goodluck to us .

[LFC_Bitcoin]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

Always good to see bullish, realistic charts/projections. I hope you’re right OP, it’d be nice to get & stay above $10,000 before New Year.

[arwin100]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

Always good to see bullish, realistic charts/projections. I hope you’re right OP, it’d be nice to get & stay above $10,000 before New Year.

It seems realistic really but there's no bad things blockings it's growth so provably we can see a 10k$ or maybe even more in this succeeding months. And we should remember that halving is coming so provably people set aside those negativity that's why we can see a positive prediction like this coming.

[AliMan]

I believe within one week from today we will break bullish and reach 10.5K. Maybe higher.
Ascending triangle has formed. Let’s see.

Always good to see bullish, realistic charts/projections. I hope you’re right OP, it’d be nice to get & stay above $10,000 before New Year.

It seems realistic really but there's no bad things blockings it's growth so provably we can see a 10k$ or maybe even more in this succeeding months. And we should remember that halving is coming so provably people set aside those negativity that's why we can see a positive prediction like this coming.

More positive thoughts are coming now, we should be careful on that because it might not be so good if we're expecting too much. Possible frustration will occur for everybody who always looks after on bullish trend, and it's good to see if we're just maintaining a calm attitude while waiting for the right time. However it that's going to perform gracefully this coming weeks, let's see what would happen in due time.