Absolutely stunning weekly formation on XBT, started with an 'inverted partial decline' (won't need "partial"-anything by formation completion/exit), points 1 thru 4 have been completed, 5th point to be set by end of this year, run for 20k by spring 2020.
NOTE 1: The stock cannot break through the upper formation line at this moment. Check the monthly chart and see how the stock did not touch the upper Bollinger line with multiple tries. Technically speaking it must retreat to lower levels to renew stamina before breaking out of this formation next year.
NOTE 2: I wasn't able to find anything negative about this chart (except for point 5 which I don't consider to be negative) and any of its technicals. This is one of the safest crypto charts I've evaluated so far. I've never traded it before, but at point 5 I will most likely hop on the train.
NOTE 3: Buy point #1 holds some risk as you can't say for sure (yet) where the bottom will be. Buy point #2 is a safer entry point for those not familiar with the technicals.
NOTE 1: The stock cannot break through the upper formation line at this moment. Check the monthly chart and see how the stock did not touch the upper Bollinger line with multiple tries. Technically speaking it must retreat to lower levels to renew stamina before breaking out of this formation next year.
NOTE 2: I wasn't able to find anything negative about this chart (except for point 5 which I don't consider to be negative) and any of its technicals. This is one of the safest crypto charts I've evaluated so far. I've never traded it before, but at point 5 I will most likely hop on the train.
NOTE 3: Buy point #1 holds some risk as you can't say for sure (yet) where the bottom will be. Buy point #2 is a safer entry point for those not familiar with the technicals.
