I see the similar character of the current chart with the one in april Compare for yourself and have popcorn to be ready ?
This post is for discussion 's purpose
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look at 1 week chart. Huge growth potentially
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rose up but stopped at resistance line. We are moving inside the ascending triangle
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the support line needs to hold for the ascending triangle pattern to be valid . BTC is dragging every coins down . Among ETH, ETC,BCH , bitcoin cash acts as the weakest one because its BCH-BTC doesn't go up yet
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we have just broken down the ascending triangle. However 795$ is an important pivot. If we can hold it within today, we can expect further up move. If we can't hold, I expect further drop to 700$. With the recent bad FUD about rejecting ETF of Winkeloss, I feel like bitcoin is top already because people will think CBOE 's ETF will be either rejected or delayed
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breaking out of ascending triangle but no follow through. Now we jump back into the triangle. Thing looks much better now.
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heading to 880 which is the upper line of ascending triangle
@skylord66, you mean when it will move up ? i will expect within this week :) . I have also drawn out the downtrend line and the upper line of the ascending triangle. A break of them is the signal