I will tell something to all bears and fools who expect a 7.4k drop. Do not miss this climb for their ignorant and stupid predictions, only impoverish them more, have the glimpse of rationality at the moment when this breaks upwards of not putting a short that liquidates them. I wish you success and I wish you not to remain in absolute poverty.
Bitcoin daily shows strength closing above the .382 fib. A retest and sell off from 10.9k is likely and would confirm the descending triangle.
If the descending triangle is confirmed and then sells of, breaking horizontal line support, I would be looking for a short to 8.8k. After that, 7.5k could become new support for another swing high.
If the triangle is...
Im bullish on this breakout. I hope we see the top of the channel after golden cross is confirmed. Time to get the popcorn out baby.
Second published idea. Ill keep my blue and green fingers crossed ;]]]]
Hold on just a minute here.
BTC is just making a bounce, the Mid-term analysis is still down as the SAR printed on the weekly time-frame, you can check out that post in my previous charting.
So what's going on with BTC? Lets break it down, hope you can keep up.
10 SMA - Orange line
21 EMA - Yellow line
20 SMA - Red line or bollinger band medium line
I'll keep it simple.
10 SMA - Orange line,
21 EMA - Yellow Line,
20 SMA - Red Line,
Parabolic Sar - dotted crosses
The parabolic sar has printed on the weekly time-frame. I don't use SAR personally unless it is on the weekly which have a very high percentage of playing out. You can see every time the SAR has printed on the weekly, there was...
So, I don't know if Newton's 3rd Law applies to trading, but maybe it does. I do know that I probably used the pitchforks wrong according to whatever rules you "PRO" traders follow, but using things wrong doesn't really mean shit if the end result is right. Not saying I'm right in this case, but shit happens. Let's see if shit happens...
Downtrend fork has a...