Ascending triangles are bullish continuation patterns that form when the upper trend line is flat or horizontal while the lower trend line continues to rise diagonally. This indicates the up trend has stalled while the support line representing buyers continues to rise, thereby closing the distance between the lower and upper trend line . Eventually the lower...
This my update from my latest BTC update (you can get it here: ).
I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish sign at the very moment. Including the price action supporting so.
There will be a 40:30:30 for my...
If 6400 breaks look out below.
We impulsed down from our last high at 7400 and then created a bear flag type pattern. This is a consolidation recharging for another impulse down. This time things could finally get ugly. There have been many times that BTC gets near yearly support and everyone gets bearish, yet it never breaks. But never say never, and how...
Observations:
We have lower highs of late
We have not had a higher high, we are waiting for the daily green candle to pass the previous green hight of 6838
We have immediate resistances, horizontal resistance, wedge resistances and trending resistance
The pressure is downwards (selling) with the higher lows but the lower highs give the bulls a chance towards the...
Bitcoin is making a series of sideways 3s structures. This is yet another one, which hints to a potential ending diagonal and favor the scenario that this correction is coming to an end very soon.
My bias is to the downside since i expect pullbacks on the majority of the alts in the short term.
.BTCUSD has just hit the Strong Trendline above and Resistance line as well, now its going downward to its support line. It may bounce off of that support line around 6125.1.
What is the price for that hard drop to be followed by a bounce?
Im posting up the prices from a historical perspective.
Since it happens very quickly, one must put the buy price in before it happens and then sell at the bounce top for a quick short.
Good luck
Or should we all just switch to XRP!
We've made it. It's coming to an end.. what waits for us behind those beautiful triangles.
We've found a real surefire place to make profits, so if you're just thinking about it. Buy a chunk and hold it. Maybe it doubles, triples or crazier! This is Crypto!
Good luck on your trades random people.
