ItisCalvin

Break It, Make It, Or Fake It

BITSTAMP:BTCUSD   Bitcoin / Dollar
664 3 6
There has been an ascending triangle pattern that has been forming for days. But this is not a sign of a sure bear or bull movement. Many things will have to happen before it can be called bear/bull movement.

For now it seems to be possible to go either way. There are three scenarios that can play out over the next day. Either we break this triangle in which case testing 470-480 is possible again. We break down to see previous lows around 420. Lastly, we can just start going sideways and range for a few.

IF the BB fail to show breakout in either direction in the next hours sideways just becomes stronger.

Bull target: 479
Bear target: 420 (Make a wish lol)

Extreme Bull: 500
Extreme Bear: 400 - I would tend to think it would go rather quick

Time frame: 4-6 hours otherwise we go sideways until the next breakout
vadiu
2 years ago
awesome, precise and straightforwardly didactic
Reply
ItisCalvin vadiu
2 years ago
Thanks!
Reply
vadiu
2 years ago
it took a little delay, but ...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out