Me, myself will open longs only after confirmation and it doesn't matter wherever it will appear, here, at 7700, 7200, 6200 or even 3k. Until it doesn't make a 15% reversal move it looks like shit to me.
I was very surprised that it was the number of days in the 3rd cycle that coincided with the bitcoin halving. I don’t think it’s a coincidence. Also pay attention to which zone this formation may not be confirmed.
There is such a rare long-playing formation “bear measured move” from the peak of 2017 and it is being formed. Measuring stroke is a fairly long...
Let's move on to serious things, Eos is the best basis for decentralized applications currently on the market.
We know that on Sept. 23, there will be a blockchain update (1.8 vers.).
The update brings huge changes to the blockchain.
My idea is that we are moving towards a new cycle.
Let me know what you think ;)
There is such a rare long-playing formation “bear measured move” from the peak of 2017 and it is being formed. Measuring stroke is a fairly long formation figure. Which can take from six months to several years.
Bear measured move consists of three long phases, or stages. In a bearish measuring stroke, the first and third phases are descending, and the middle one...
In the last analysis I've traced a zone around 7200-7600$ as a confluence area and the price actually stationed here for some time. This price level is important because if it fails to act as support, price could retest the lower triangle trendline and the daily support @6900-7000$ or go even lower for a possible triple bottom pattern @6400-6500$.
This is what I...