Volume is decreasing on this sell off. Bullish. Triangle is forming in short term price action. Bullish. Near All Time High. Bullish. In the 2017 Bull Cycle Bitcoin made a 100% gain above this channel. A 100% move in a short period of time, above the upper channel is likely to be the climax of this bull market and start the bear market. Analysts believe...
Anyone trading the breakout. Now is the time. For me, I'm just watching my 2 year old bags make bank. Enjoy the ride. To all of you holders who've been saying to me for months, "Pundi isn't doing much..." It just takes patience. You don't get booms without patience.
Options Bullish Opportunities A move up to the long term upper channel would mean $0.0117.Then a breakout could take us quite easily to $0.017 which is the resistance on the short term trend. Bearish Possibilities If there are small corrections in Bitcoin, and the symmetrical triangle gets invalidated, this could bring us down here to $0.0047 in the short term....
I hate writing descriptions. Peace Out!
Possible Price Targets in the next month $0.07 $0.09 $0.15 - only if the pattern repeats.
It should either bounce off of 0.0069 and go to 0.0075 Or drop down to fib retracement level at $0.0062 DISCOUNT!! $$$$ If this is making you worried, you don't know what you hold. BOOMS ARE COMING. BE PATIENT.
I've added the Fib retracement inside my long term trend. We can see that it is holding strong. There are small short term down trends where new buyers are panic selling. The centre line in the channel acts as an RSI. Falling Wedge Pattern should still be in play.
Updates coming soon.
I thought that triangle would lead to a bigger breakout, but BTC is still in consolidation.
In the very short term, I think it will keep retracing. But then I'm very bullish on the breakout of the falling wedge to the upside. The support and resistances on the chart or BTC will determine when it breaks out. I wouldn't short this right now. Too much upside potential
Things are playing out just as we expected. Two new potential areas to touch. Falling Wedge forming again. I expect it to come down BAT loves the falling wedge haha. More info is written on the chart.
I'm going to move my stops up to protect my profits. I don't want to sell ADA too soon as I have price targets around $2, $5, $7 this cycle. However I'm using my stops to protect me from the next 30% consolidation. We should still have at least 2 weeks until then, based on the last two big consolidations.
We just had a nice breakout in BAT after a falling wedge. Volume seems to be slowing down. Let's see how this plays out. Next Target upper channel before All Time High
In my previous chart, I showed where I thought TEL would turn bounce. It happened exactly as predicted.
I don't normally do this. A lot going on here with retracements, wedges and trendlines. But it looks like we are near a break out.