weslad
Long

Can history Repeat itself??

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I saw this when I was playing through BTC charts and i think it worth sharing with you guys.

Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.

if history repeat itself this may be a good sign for potential price reversal to the upside.

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Please share your thougths about it and support my post with your LIKES if you think it's useful.

Thanks
Nov 02
Trade active:
Nov 02
Trade active: BTC All time triangle formation patterns and their breakout

Nov 02
Trade active: Another potential form of reversal spotted. Price started forming High lows.

Nov 02
Trade active: We could also have accumulation on going as price been trading in a rectangular box that is from 3days chart analysis

Nov 02
Trade active: One of my previous post that talk about trendline breakout. Still seems to be very valid.

Nov 02
Trade active: More details about the breakout

Nov 02
Trade active: Price may go down as medium term charts look bearish may be for a re-test on the major support again.

Nov 03
Trade active: Looking at 4hours timeframe it show a clearer picture of a symmetrical triangle forming, which has its base around 6200$ support zone.

Here is my trading plan towards this pattern. Looking to Buy around 6200-6260 area with tight stop loss below the support.

Nov 03
Trade active: This is one of my previous post, its channel that showcase all BTC typical reactions. Do have a look.

Nov 03
Trade active: This monthly chart shows price is testing strong support as well.

Nov 03
Trade active: Another one of my previous post showing possible wave patterns.

Nov 03
Trade active: BTC is struggling to make major moves on a short term basis, I expect a drop to at least 61.8% fib level talking on short term basis.

Nov 03
Trade active: ETHUSD shown some serious sign of reversal also which complement BTC Bullish view.

Nov 04
Trade active: Bitcoin Corrective pattern
Nov 04
Trade active: Short term triangle breakout occurred and this look to be forming inverse head and shoulder pattern

Nov 04
Trade active: I shared another view on possible BTC breakout outlook.

#BTCUSD


Do share your thougths about it and support my post with your LIKES

Thanks
Nov 05
Trade active
Nov 06
Trade active
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Great analysis. No one ever buys bottom they always wait for lower. I think u r right
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weslad mattgetsbarreled
@mattgetsbarreled, VERY correct my brother.
+1 Reply
I've been in the markets for 11 years and trust me when I say this that there has never been a better wealth generating opportunity like the crypto markets BUT knowing how to trade it will be pivotal for your success. In today's afternoon BTC analysis I discuss 50/100DMA holding us down | Don't fomo just yet | Fractals | Weekly/Monthly don't like bullish:
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weslad bitcoinwizard1
@bitcoinwizard1, thanks for sharing your idea
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I agree with this idea, I will be looking at January 19' with high interest. If you see my latest chart on BTC you can see reasons for a reversal in early 2019'
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weslad StirlingBishop
@StirlingBishop, that will be great
Reply
Great analysis. Similarities are bound to occur in a trend over time but the variables are never the same so we cannot expect a repeat. The current near term setup should not be ignored as they affect the long term trend. What I have is a near term analysis on Bitcoin that might give everyone more data to consider before making any premature conclusion on the long term setup of Bitcoin -
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weslad bibboyne
@bibboyne, thanks for sharing your view
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yes it's time
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