right now trias is making a series of lower highs and lower lows, this makes the general bias a downtrend,
you may ask for how long and how I came to the figures 0.7-0.8.
First, 0.7-0.8 came for simple TA and a combination of what is going on with bitcoin, this is a range we must hit or get close to in order to solidify a bottom.
IMPORTANT:
Secondly, right now...
this is the 2 scenarios I see happening with trias over the next week.
please not this ultimatly depends on bitcoin but I see it doing something similar, bitcoin will just change the timing and will determine how extreme this will be, although I feel my analysis will be around that level.
this is my first published attempt at my own analysis so mainly posting...
I DO NOT KNOW ANY SORT OF ANALYSIS, I JUST DREW THIS TRIANGLE A COUPLE DAYS AGO AND IT HAPPANS TO BE FOLLOWING IT PERFECTLY.
i have no idea how this will play out, the idea of capitulation is being thrown around with the fomc announcement tomorrow / in may so downside like this is possible, but saying that i think it will be quick and we will see new high after...
loose trias price prediction.
keep in mind this can sway higher or a lot lower depending on bitcoin.
loosely based off time, more dependent on the level.
ALL CREDIT TO CRYPTOJULES VIA TWITTER, THIS IS NOT MY ANALYSIS, JUST SPREADING HIS WORD.
