BTCUSD: Measuring The Move of the Descending Triangle Breakdown

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
In 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the Weekly descending triangle , that has a reduced measured move.
Sep 14
Comment: Correction: I'll calculate the Daily descending triangle if the weekly is breached ;-)
Sep 15
Comment: If Bitcoin Repeats History?

Part 1: Descending Triangle Looking Similar To 2018

Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low

(The above is Part 2)
Sep 16
Comment: Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown

Sep 17
Comment: Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario

Sep 24
Comment: Right on schedule down to $8160, post bakkt launch.

Sep 28
Comment: Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1

Oct 09
Comment: Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

Oct 13
Comment: Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

Oct 21
Comment: Part 9: TD Sequential 9 Next Week To Decide Direction?

Oct 27
Comment: Part 10: Extrapolating the 50 & 200 Day MA bear crosses

Nov 25
Trade closed: target reached: It's taken more than two months, but the original bearish target looks complete, at least by a margin or error of $116 (1% approximately).
cool... very nice
+1 Reply
Great analysis mate
+1 Reply
Well, 6400-6500 USD seems to be a comfortable price for institutional players to get in the game. No uptrend continuation until they are loaded.
+1 Reply
airbraun airbraun
@airbraun, however, I highly doubt any further price decreasing after we reach 6k level.
ABG1968 airbraun
@airbraun, Institutional players don't care really for BTC, when they will get in with one of their own( and they work on it as we speak) then the game will change and BTC will be either assimilate ( resistance is futile) or will be part of the large pool of serious crypto ( i doubt that they will really alow it, what they can't control they don't like)
@airbraun, My thoughts exactly. There will be buyers at these levels for sure, just as there are sellers right now at 5 figures.
I can show thousands of descending triangles in btcusd which does not fit to this formation, you should be crazy ...
@brsrkrt, Great, please do so!
ABG1968 dragononcrypto
@dragononcrypto, there are not, he has a point.
+1 Reply
ABG1968 dragononcrypto
@dragononcrypto, this triangle respect the Gann 1/1 unit/ price , unless I'm blind i can't see the thousand you imply or let's be serious i cant see 5 on Day chart
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out