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bonic
Mar 9, 2020 12:54 PM

BTCUSD Inception day. Small correction yesterday's forecast. 

Bitcoin / U.S. dollarBitstamp

Description

Greetings fellow traders,

As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...

More visible, more probable:
  • Dashed lines; Possible forming patterns / extrapolation
  • Solid lines; Confirmed patterns / Support or Resistance
  • Dotted lines; Possible price-action trajectories / wave trend
  • Lighten colors = Support | Darken colors = Resistance

    Current Pattern Formation Level:
  • Alpha pattern: Symmetrical Triangle -> Bullish Pennant
  • Beta pattern: Descending Broadening Wedge
  • Possible forming Echo Pattern: Descending Broadening Wedge


Today's Note:
Just noticed that I messed up connecting support of the possibly forming echo pattern correctly in the previous idea. Here's a quick correction. Fortunately the shape remains fairly intact. Also removed other possible trend wave trajectories for it was too much of a hassle to adjust them all. Nonetheless, I am following the main trend waves anyways.

To be concluded...

Comment

Holy crap, we've almost reached our target!!!! Don't even care it drop from there. Actually I suggested that that was going to happen in my video's!. Search on youtube: The art of technical analysis bryan santos! They are just educational video's. However, we were correct. Showing the correct and proper way of TA!!! SHare like and subcribe!
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