Obviously another emergine on the obove this is an a 15 min time frame, its is definitely worth keeping
any eye on any trend and looks like its about to go again the 10/21 looks strong for now watch for
any bear traps if we fall out the bottom of this triangle usualy on the 4th touch of the bottom of the support in blue
we will get a nice bounce wchich in a Vbullish market will break through the resistance and if it does not.
We will possibly go through the bottom of the support but just watch that this does not turn into a trap like yeasterday
we fell through the suport which is part of our triangle , but it bounced to me looked like a trap sellers would
have panicked and sold off some BTC when we broke through the support yesterday only for it too bounce again and
go right back through the line and sit on top of it, what we are seeing looks like a simple
wave ,1,2,3,4,5 then onto an correction.
Now there are many ways you could count this on many different time frames, but as we have turned a corner with
regards to btc i believe this is a VBullish market at the moment and there is proof of a lot of sideways movement which
was to be expected yesterday, same thing today but we are still following the same pattern of a triangle with
the zones acting as they should you can see the & are following this pattern as we bounce
of the resistance just watch for the 4th touch on the support line see if we break through the resistance in red once we
touch for a 4th time.
This does not always play out like this and bears will make it look like we are going Vbullish falling through support just
like yesterday people need to wait for many confirmations this post will be updated with News and longer perspective
of what is going on.
I personally did not expect the market to turn so it was following the last long term pattern we posted exactly
then there was a huge buy too weed out any of the shorts they would have missed out big time, the wales are here
and its obvious to see.
(Updates will be coming later the above it on a simple 15 min time scale.)
triangle trend it could be a channel, but if we see we have 2 touches of the support and resistance we can then confirm the triangle trend pattern is in play, watch for traps if we fall out the bottom of the support line as we saw what happened on the
last one was a trap it bounce right back through the support and resistance..
Believe me people would have sold there btc only to lose out because the bulls pushed the price right back up simple trends like these is how it should be watching the MACD the EMA and watching the rejection of the candles is what
you all should be watching at the moment.
I will be posting a longer term trend tonight same as the last one which played out V nicely an would have continued but there was a massive change in the market which shocked even me, personally i do not think this is a trap like Magic
thinks it is the market is bullish and is going to stay like this..
Look at the the ema/Macd on all different time frames especially the day 12hr 6 hr ones..If you seriously think we are in a bearish market at the moment you are very mistaken :)0 People shouting its a bear trap are full of sh!t these people are always 100% bearish if you did not notice that then bah humbug..
Good luck bears and bulls the wales are in the driving seat now time to move over the wales are the ones controlling the market now not bears and bulls and they want profit.
If you are as confident in the market change as i am HODL do not do anything stupid until you are 100% it is not a bear trap.:))
(lONG TERM UPDATE TONIGHT WITH LATEST NEWS ADDED.)
I see allot of bullish confidence reinstalled back into bitcoin lately we will try and keep people updated but things have been rough over the past few days catching up on college work
We are blasting through every expected line and we will consider to do so now the wales are definitely in the driving seat.I think stability is one thing that is
going to be installed into bitcoin once its found a reliable price, people don't realise crypto is still in its early development stages and this is how we are going to end up with the price predictions you see.
More and more big players are in the market and don't care about stepping on bears and bulls they will take a loss and get it back later these are the ones i
believe will set the price in the long run
as we have been working tirelessly on a few projects as part of a good deed.
Now here is what im looking for a break out which is only a short time away this
is taken from a 2 hr chart if i remember correctly we had all this information 2 days ago where the resistance points would be most likely, and where the market
If any one thinks for 1 second we are bearish stop reading this and go wash your face look at the foookin market and come back :)) changed mind yet, now here are thousands of so called trade view stars out there claim we are bearish which in there is a little truth too only because we have not broken £8500 - $8600 once these are broken more long term buyers will be placing long term purchases in.
Now always look at the charts on a day to day basis working your way down maybe even like so 12, 6 , 4 , 2 , 1 , 30 min , 15 mins we use all time lines and
we can see we are very bullish on long term so people crying its bearish are shills
they got there coins took from them by the wales hehehe !!
Now for short term this pattern is emerging :) look for the break out at some point !! even if we break out the bottom dont sell immediately hodl and wait, i have seen this too many times it breaks through support and people panic sell only for the price to rebound.
Now be patient those who are now long good luck im long and have been since
the start good things are in the news about btc eve banks are starting development for blockchain