jeremyluce
Long

Mimicking the last BTC run up to the bullrun

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

Fibs were placed on swing highs and just the golden pocket fibs are used. Long history of strong retracement/ support zone .
Long term trending used to form the bottom of the parallel channel .
Ascending triangles showing a history of a continuation to the upside.
Blue bars copied from 2015-2017 in the parallel channel , before the breakout and parabolic movement.

If the pattern stays true, we will follow along the parallel channel for a while until we get another parabolic breakout. Don't expect a sudden burst to the upside soon; however, we may breakout of the parallel channel more quickly with the adoption of cryptocurrencies in banks/institutions and regulations being currently formed. This breakout will also be about the same time your local, friendly government will make it as simple as possible for the sheep to enter the market.
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Bitcoin is bullish again! This idea below explains why:

+1 Reply
jeremyluce UnknownUnicorn6653705
@UnknownUnicorn6653705, nice, which way you leaning towards?
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so is this an upward trend and a trend to check the drawbacks? are those triangles that are formed called pennants?
+1 Reply
jeremyluce Darthfader9000
@Darthfader9000, yes just another continuation pattern
+1 Reply
Darthfader9000 jeremyluce
@jeremyluce, thanks! still new in this game trying to learn all i can
+1 Reply
Darthfader9000 Darthfader9000
@Darthfader9000, im gonna try and make that second chart
+1 Reply
It's sound very interesting. You are a good technical analysis. Well, I want to comment you about the blue bars that you used copied the movement between 2015-2016. How Can I to copied it this blue bar and paste in the actual situation in Bitcoin

Don't give up and stay making all technical analysis interesting!!!
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