ripper_the_flipper

A BTC Projection - Just for Fun

BITTREX:BTCUSDT   Bitcoin / Tether
415 views
11
415 2
I figured I'd have a little speculative fun...
At some point the price will break downward out of the rising wedge . I'm assuming it will happen at the black line and form a large triangle pattern that sets up a showdown at the "Perfect Storm" location with the SMA100 & Triangle Resistance on one team (Bears) and the SMA50 & 3500 Support on the other (Bulls). So, who will win?!
It should be a pretty good battle that takes it almost the whole length of the triangle, but ultimately the Bulls win (for now) and price gets driven up to the 3900 zone. This could mark an important event. Price will likely be solidly rejected from there and just may give the Bears the confidence they need to regroup and break the strong 3500 resistance. So then, could a rematch with the 3000 resistance zone be in the near future? Possibly, but the way it kicked the Bears a$s last time, it'll be hard to bet on the upset!
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!
Very good so far, thank you
Reply
@atricoz, No problem. It's getting rejected pretty hard at 3850, so we may be heading down soon. Good luck with your trading.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out