Well, well ... the bulls are sure having a good time. 9400, wow! And it seems that it's holding up. I've displayed two potential scenarios unfolding, as per my chart published yesterday. The big difference is that I am guessing the probability that this is an impulse being higher now, rather than a triangle wave. The red wave shown is a running flat ABC...
climbing and consolidating. healthy moves.
OK, I've been reading up a little, trying to make sense of the downtrend since Dec 2017, as well as the recent rally. I admit I sold out to early, getting excited about 40% profits, and thinking a reverse is around the corner. I guess it's better to be safe than sorry, but I could have made another 30% on some alts ... oh well, no point looking in the rear view...
My last BTC post mentioned the running triangle formation signalling continuation just after price rocketed upward on 4/12. That continuation eventually reversed at the dark red resistance line. I've noticed the same running triangle pattern may be forming on the larger consolidation we're going through right now. FRACTALS! Just for education purposes, the...
patterns all over the crypto charts repeating in fibonacci & fractal always hard to predict never simple to trade easy to draw find your own path Throw away holiness and wisdom, and people will be a hundred times happier. Throw away morality and justice, and people will do the right thing. Throw away industry and profit, and there won't be any thieves. If...
BCPTBTC - Ascending top flat triangle wave pattern and time cycles
Second bearish scenario. Is this posible?
Macro Bitcoin triangle This triangle is symmetrical = no favoritism towards breakout downwards or upwards 1) Wait for breakout in either direction 2) Wait for candle to close above/below before longing/shorting to make sure it is not a fake out
The beauty of this chart is almost to perfection. For BTC to maintain it's symmetrical triangle and complete it's ABC correction wave, it must bounce up to begin wave D. If not and we break support, look for 6000USD and maybe even 4800 USD in the mid-run. Let's see where price action takes us to this evening.
Patterns, we look for them all the time, to give us a hint at the future! Friends, I know this chart is busy, and I was in two minds about publishing it, but read it closely and you will get what I'm saying. There's a school of thought that we are currently in Grand Wave 5 (see red impulse wave), and this is the basis of my first idea published "Fork in the...
A-B fib retracement shows the D finish in 61.8-78.6% area. I expect price to fall into the 61.8-78.6% area of retracement C to D. I am waiting to see if it is confirmed for further downside at this point, before making any further predictions.
Well, I've had a change of heart ... perhaps, maybe we might not see a double bottom. Please don't get me wrong ... it's still on the cards, but a new pattern could be emerging. Maybe there's a different way to interpret what has happened with BTC in the past 3 months, and that interpretation does lead to a different opinion of what could happen in the weeks to...
5 wave elliott corrective wave triangle formed with volume confirmation for pending breakout. measured flag & pole suggests a move towards $10 it should not be long before the pattern breaks to a new direction.
Hello, everyone! Forecast for crude oil(WTI). Daily chart - Triangle pattern.
Looks like we're in a complex corrective wave in EURUSD , there's a possibility of around 200+ pips down move before up trend resumes .
Elliot Wave Triangle, looking for a test to the triangle high