We are looking at a few BTC to USD similarities to 2017 bull run. Similar structure with only difference being the speed at which we are going through various systematic phases this time. We are moving much faster compared to 2017 which may be a good thing because this is the kind of thing that traps bears while giving bulls enough confidence to keep holding, taking of course into account that supports hold.
"taking of course into account that supports hold"
Correct. And the current support is the bottom of the wedge which is around 7400, give or take.
If you look at your wedge in 2016 you will see it hit the bottom (almost) 3 times and did not take off until it reached near the apex. This means the current price could fall and hit the bottom for the 3rd time because it is not near the apex just yet. We have to be psychologically prepared for a plunge back down to 7400 before loading up the truck. Just my thoughts.
nagihatoum
⋅
only 1 touch on the support of the triangle now, need another one
nagihatoum
⋅
@nagihatoum, it can also be argued that the 2015 was the accumulation zone, and the triangle starts with 2019 ath. so triangle much bigger.
Wojak
⋅
oh no, not this guy again
oaksacorn
⋅
well done maniac. you are off the reservation sometimes. Nice to have you back behind the fence.
ProjectSyndicate
⋅
nailed it with ethusd. click play to recap.
ethusd best level to buy dips 30% gains (NEW).
UnknownUnicorn6061584
⋅
I would watch for the support trendline now cause it's the last chance to continue uptrend in near future
othertrading
⋅
very good chart
Cryptokachalka
⋅
BTC AND XRP BOTTOM CALLS!
ICON one of the most undervalued coins TARGETs 50$ and 200$+!
Muckrah
⋅
I like your chart analysis! Fingers crossed and to the moon 💪🏻😎
Correct. And the current support is the bottom of the wedge which is around 7400, give or take.
If you look at your wedge in 2016 you will see it hit the bottom (almost) 3 times and did not take off until it reached near the apex. This means the current price could fall and hit the bottom for the 3rd time because it is not near the apex just yet. We have to be psychologically prepared for a plunge back down to 7400 before loading up the truck. Just my thoughts.