Breakfast is the greatest power in our universe. It controls the death of stars and moving of time.
The two pillars of breakfast are pancakes and waffles. BTC moves like the egg in between.
Will you be the pancake? Will you be the waffle? Will you be a Texan breakfast? Or will you cook a perfectly poached egg?
Prior to this idea we looked at the potential for a trend reversal above 5700 in 2018. I drew an 8 month accumulation zone starting at the important 5700 support (point just before parabolic 2017 bull run). 8 months was drawn for accumulation because this was the length of accumulation during the trend reversal of 2015.
This idea was invalid as soon as 5700...
We can see that since the low of ~5800 we have had a very slight uptrend, which was also apparant in the 2013 charts after a bottom was found.
Observing the slow upward accumulation. We will see if it holds and be prepared with shorts/longs. Again, this is not a trade, it is just trend analysis.
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This is a pretty bare bones trend analysis looking at the potential for a trend reversal of BTC -2.97% -3.26% in 2018.
This trend analysis looks at the parabolic bullrun in 2013 and the following bear market to try and predict when the 2018 bear trend will reverse. This analysis is based on these two primary observations...
1) The price point just before...
Observing bullish volume waves and waiting for supertrend indicators to flag down before selling. Expecting bears to strike @7690-7800 but still open to further long up.
Warning: Trade at your own risk. I'm a beginner.