tahir989

Bitcoin.... Looking at Descending Wedge on the 2hr -

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
https://i.imgur.com/pmuF8nu.png
Bitcoin             2 hr             -

Looking at Descending Wedge and a break can potential provide some relief rally towards mid 7k.
Comment: Bitcoin.... It's knocking at it for sure...

https://i.imgur.com/sMlly0S.png
Bitcoin 2 hr --
Comment: Bitcoin --- 5 and 15 mins showing 2 different distinct patterns.

https://i.imgur.com/oQYV1gr.png
bitcoin - 5 mins

https://i.imgur.com/uwho6bs.png
bitcoin - 15 min -- bull Flag spotted
Comment: How the 2 patterns on smaller time frame played out..

https://i.imgur.com/b4844DK.png
Bitcoin 5 min - Its amazing how even a 5 min time frame can grab pip runs - unlike anything I have seen elsewhere..

https://i.imgur.com/6pyoRs3.png
Bitcoin 15 min - Did a little change but the same concept - we likely on break of the bull flag zone..
Comment: Here's final UPDATE to the 15 mins Bull Flag break and achieving tgt.

https://i.imgur.com/LSwBkbC.png
Bitcoin 15 mins

https://i.imgur.com/MkRX96a.png
Bitcoin 15 mins - Current - Need I say this been a Pip feast all day long..

For complete Read - you can follow the following link below..

How patterns and trendlines combine together
http://www.stochasticuk.com/viewpost.php?id=311
Suppose the Descending Wedge is to provide the relief rally after all.. Would be interesting to see how it plays off once it gets to test to around 7.5K mark.. I would suspect it would require considerable effort to break higher back above 8K.. If happening it can challenge 10.5-11K.
Plus we then likely be having a pattern in play - Inv H&S .. This starts getting interesting now..

https://i.imgur.com/LlPPvou.png
Bitcoin 2 hr..
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