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WiseTraderIO
Aug 23, 2019 2:38 PM

What if there is a seceond chance? | Huge Pennant 

Bitcoin / U.S. dollarBitstamp

Description

What if in the macro pattern btc forms a huge pennant? Just food for thought with some potential key levels
Comments
ENIGMA1440
Hint, use the 50 and the 200 MA on the Daily and the 3 day and you tell me if this is even plausible...
WiseTraderIO
@BitFink, do you trade only based on ma?
ENIGMA1440
@WiseTraderIO, I trade some patterns IN SHORT TIME FRAMES, but in a macro trend "THE TREND IS YOUR FRIEND UNTIL THE END" The pattern you present would give a death cross and lead to a PROLONG bear market. If 4k hit's that's bad news for BTC...
WiseTraderIO
@BitFink, time will show. I dont think that the death cross means necessarily death
ENIGMA1440
@WiseTraderIO, This is what that would look like...
WiseTraderIO
@BitFink, that can tottaly happen. with you there.
ENIGMA1440
@WiseTraderIO, Too many positive Fundamentals. The Big Boys are coming to play next month... BAKKT will drive this to price discovery that melts faces.
ENIGMA1440
@WiseTraderIO, How do I know,.... The past
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