So far it's kind matching reversal points in the daily, but since ive never used it, all of this seems kind arbitrary. Let's revisit this in a year just for fun. Never really used this, why not play with it a bit. Make your bets gentlemen: - Meme chart is a meme and fails on the next supposed reversal time period -Timebender chart is real, people can travel through time.
If we break down from here, expecting to react on that first area. If it holds/bounces from there, expecting it to wick the blue level.
Playing with these lines. Probably plenty of ppl did the same just want to keep track of them
Personally don't think we'll go as low as $2,500. Think the lowest we'll might be around that $4k level. Either way, down as long as we don't break this channel, we could even get out before. Just seeing potential areas of interest for as long as this trend keeps going, have no idea _when_ it will reverse. If we break it before that, great.
First thing I noticed was the green consolidation area. Price has been coiling inside of it. The red wicks look like a move to get people to FOMO and panic buy/sell. Basically shake them out out of their positions. Then I noticed the trend has also been bouncing off the pink trendline, that, together with resistence around ~$450 makes a bullish ascending triangle...
If we can't break this now I'm pretty confident we can do it during the next try.
Lately I've started to think this is probably the pair to observe for ETC.
ZEC is due a pump. Wouldn't hold it for long because supply will still 10x during the next 2 years Buy any zec within the blue channel or wait for the breakout.
Up to 1 month of sideways but we should have a nice breakout then.
AMP redemption event to finish tomorrow and it seems we're breaking out very very soon. easy 2x imo
Forming a huge triangle. Interesting if you're a long term hodler. I'm not.
Seems it's just consolidating here Devs putting in a lot of work on this one. Has the advantage of learning from Ethereum's mistakes
Looks pretty much the same
Double bottom Game will be released in 12 days
We just hit a new ATH recently This is probably one of the periods with the most FUD btc has ever faced, if not the worse. I.e. Jihan is already preparing a Hard Fork We are near strong resistance. Rising wedge with decreasing volume