vinnycrypto

Important support and resistance + bonus bottom prediction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hey guys welcome to a new market update and analysis from your boy Vinnycrypto.

On the menu today we have:

-Past important channels.
-Current important channel.
-Our well known wedge with an added secret ingredient.
-An indicator used by no one but that should be used by everyone.
-A moon, a welcome back to earth, and a big green truck backing up.

I made this chart as self explanatory as I could but for those of you who like reading, here we go.

1. Blue lines are indicating past important channels from our top. All of them acting as support and resistances at every single one of our tops and bottom.

2. Now that you can see why they are important, you can notice that this last one is one hell of a resistance as it was tested twice. Never two without three,
Here we are today asking it to let us threw once again.

Will it? Not sure yet,but it sure is being a pain in the moon.

3. Our well known wedge that could be sending us straight to our promised land or back to earth where dreams of wealth go back to cry in their mom's basement.

But Vinny? why is the bottom line of your wedge going all the way down to 4300. Good question. I do not know! I noticed the angle was perfect while zooming out
of my chart. Now i tried to see if it was a coincidence that I was able to connect that trend line so perfectly with it and it doesn't seem like it is. Other fun
stuff happened but nothing as perfect.

Is it bitcoin way to tell me where it wants to go? Is it the magic of TA showing me where it all ends? I have no idea my friends but O know how to take a hint so
I went ahead and made a few test. The pole of the wedge shows that we could possibly be sent even lower. BUT pulling out Bear market powerful weapon called Visible range,
We see That we will be met by massive support. Where? 4300 people. Coincidence? No way.

This is where I will be injecting new Fiat in this market. Now don't take me wrong, I will keep trading other ranges and keep an eye out for moon signs. I am not saying that this will be out bottom,
I am saying there are chances for it to be our bottom.

Questions? feel free to ask. Critics? go ahead. Calling me Nostradamus in a sarcastic way? please. And more importantly, You are interested in having updates and cool chart patterns by a full time trader and analyst? Follow me on here and twitter .

Trade safe.
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