Call me a dream, but I think it looks feasible that we might get to 10K by the end of the year. After that, who know what will happen, maybe a huge crash.
This prediction is based off maxed out stoch. Although RSI is still strong, BTC will need to take a breather soon, we have recently seen some resistance at the top of the pitchfork, let's see if that continues. There are some very strong support levels that should hold throughout the B2X FUD. The price may not even get close to the support lines, but it could. Never know what will happen during this shit storm.
Anyway, as always this is highly speculative. Strap yourselves in for an amazing rollercoaster ride.
PM me for advice or a custom chart (small fee).
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Some rising wedge scenarios
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I'm hearing people talking about BTC down to 6600. I'm feeling closer to 6100, but let's see.
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So after the cancellation of B2X people are talking about BTC movements. Some think it will continue rising, others are predicting a big fall. Personally I think we are going up, with a few smaller consolidation. I can't imagine we would fall any lower than Support 3. That level is quite strong.
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Once again BTC is walking the tightrope of support 1
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After a massive consolidation it looks like BTC is building towards another bull run. 10K here we come...
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Then again, rising wedge and nearing the top of the pitchfork...
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New All Time High
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This could get interesting
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Rising wedge pattern is broken
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There is a slight possibility that we are in the middle of a double bottom ( or 'W') pattern
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Small pennant might signal upside to test current resistance
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Triggered
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Expecting a pullback near the top of the pitchfork, but anything could happen...
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Oh hey top of the pitchfork, how you doin?
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Bitcoin is a persistent bastard,,,but after Tether hack announcement are we finally seeing a proper pullback?
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BTC is well overdue for a correction.
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Possible rising wedge forming
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BTC about to test All Time High again
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Yes? Do you want something?
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Top of the pitchfork, what now?
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Extended my pitchfork to accommodate for this insane BTC pump. Feels good man.
@Brisben, Phil Potter up to his his ol' tricks. Just a bunch of BS.
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@mightytrader, Maybe, but Tether has been extremely scrutinised for a while now. Might be some truth to these security concerns and hacks.
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@Brisben, USDT is counterfeit US Dollars. Phil Potter is headed to jail; just a matter of time. The Feds and Donald Trump won't put up with his knavery. Tether is an absolute ponzi scheme and type of currency manipulation.
I think this "hack" is staged. But why anyone uses this currency to trade... is beyond me.
What would a double bottem mean or what would a double bottem lead to ?
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@didit11, @didit11, It would mean a lot of things. But generally speaking it would be a good sign long term, showing consolidating and a two bounces off strong support at 5700. Best of all is that we don't even fall out of the pitchfork :)