Well if nuclear war won't start by September 28 then POLONIEX:DOGEBTC gotta bark as hell and well go through 28, 36, 40 sats; top at 42 sats and consolidate for a week till another rally to a wide range of possibilities I personally think that 86 is the maximum we can desire in this cycle.
Not a trading advice. Just my barktrasting opinion.
Your only winning bet at this point is to load up on high performing alts and keep waiting with more cash on hand to see if BTC will drop more(which more than likely will.) To be clear; NO ONE knows what will happen in the future but what I do know is how to read the warning signs of what is most likely to happen. If we look at BTC on the 12H it shows that we've...
I see a lot of people comparing this area to the 20k top in 2017. During this consolidation period, sentiment has ranged from extremely bullish to extremely bearish with only a small few that I have witnessed, publicly acknowledge the macro consolidation length and what it may mean.
In 2017, we spent 2 weeks grinding the top of the range before plummeting to a...
The slightly rising trendlines used in price projection are estimates of the dominating angle where price reacts most to these trendlines.
Descending triangles can be also top or bottom trend reversal patterns.
In this triangle price projection is made from all time high to 0.1360 projection distance.
The almost horizontal bottom of the triangle is at 0.618...
# Time culmination off the 2007 Top, 2009 Bottom and 2015 Top
# Double Top 2007
# Top of price channel off 2009, 2016, 2018 Bottoms and 2011 and 2015 Tops.
# Monthly RSI 70.35 - highest since 2007 Top.
# Breaking the Dec 2018 bottom trend line.
An opinion only - DYOR.
In this post, i'll share a tool which helps you find Bitcoin's market cycles bottoms, it is the Trend Based Fibonacci extension.
You don't need to understand what this tool is to know how to use it, but if you want an explanation here is a video.
First start by laying the trend at the market top, then count from there...
if we do follow the 3 peaks pattern then we should see a top here soon.
If we dont breakout and a rejection happens expect $10.2-10.3 to hold as a support.
A breakdown would be bad and mean we will see another micro downtrend. If thats the case expect more downside and a takeout of the local lows at $9k.
Any breakout would mean $18-20k
There is a clear cyclicality of actions, in the near future we can expect good volatility within the white support line and burgundy resistance line.
Closer to the halving, we should expect the next bullish rally as it was in the previous two times.