This is a descending triangle not an ascending one
Godfather-Pips
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@Ryecatcher, Yes that's true, appreciate you pointing that out and I've corrected it now.
What are your overall opinions on the analysis above?
Ryecatcher
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I believe in the short term alts will see a pull back, the markets need a cool down and a pull back is on the cards, late match early April the next leg should begin imo
Godfather-Pips
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@Ryecatcher, Interesting... I haven't heard that view before.
Are there any specific reasons as to why you believe that these months would be the beginning of the next alt coin push?
Ryecatcher
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history doesn't always repeat but it usually rhymes, just look at the previous bull runs
EraHCS
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thats not how it works lol, its going down
Godfather-Pips
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@EraHCS, if you're referring to the ascending triangle error, that has already been fixed.
- What are your overall opinions on BTC?
EraHCS
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@Godfather-Pips, no i am referring to the fact that that is a bearish pattern where it breaks to the downside not up. that so called buy zone is the rug waiting to be pulled. people learning this lesson the hard way in 2018 when the fabled unbreakable 6k fell out. i am bearish on bitcoin targeting 27k and 23k. could even see lower and no new ath for 4-6 months, 120k year end
Godfather-Pips
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@EraHCS, Alright, you may be referring to the descending triangle continuation. Although that argument is completely valid, I believe that Bitcoin may breakout and head towards the 40k mark before anymore major moves. As an investor in BTC, I feel that I may be more biased towards the upside but thanks for your contribution!