I really should read up on this stuff. But id rather sit and play with the tools. Lets see if somehow price moves the way iu plotted. Have a nice day.
BB are compressing again. Price is falling out the channel below the moving average in BB. When BB compress its "time to pay attention" as Mr. Bollinger said himself. Watch the volume bars. Big green candle that reaches out of the Volume MA signals to me "Buyers beware". All in all, bitcoin about to fall of a cliff? Or is it all a lie?
Made 2 previous charts predicing a parabolic move. Maybe 3rd time is the charm. good night everyone. wanna wake up tomorrow to profits. :) cya
The big move is not in yet when you look at volume
Another parabolic move up possibly incomming
Another parabolic leg up possibly incomming due to the high placement of support inside the triangle.
We are at the top of the red channel and in the middle of the green channel. Its ok to enter a short position here considering price just made big strides up and may correct.
Using angles i tried to make a triangle and pinpoint the D spot.
I will be accumulating sub 400 XBTEUR in preparation for the breakout
I put some comments in the chart to explain the idea
We are at the 50% retracement line. We are near the bottom of the wedge and we are near the end. I think all in all things are gonna go up from here and it will break the upper boundry and shoot up.
XBTEUR hit 0.236, ready for a bounce in the regions of 0.618/0.786. My target is €385 however it could drop as far as €377 in order for it to bounce off the trendline. This is also a 0.382 retracement line from the low in march and the high in April.
Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.