Hey Traders, Investors,
The all time highs' (ATH) of December 2017 at $ 20k was the first powerful manifestation that a new kid was on the block of the financial world and in a way that has the power to change things.
The break out (BO) of December 2020 or 3 years later is the most powerful manifestation that the BTC is here to stay as it represents the most...
On the 29th of December 2019 I predicted this pattern and mentioned that due to multiple failure patterns to go higher that the Bitcoin would test the +/- USD 4000,00 levels and it did entirely as per the chart..
Dear all,
Do not fool yourselves, the ongoing failure patterns since the prior highs of around USD 13000 last July will eminently result in a break down below the Major Support line of USD 6400 currently being retested and demonstrating narrower candles before break down.
Price will once again free fall and retest the USD 3000 to USD 4000 levels before becoming...
Morning from Cape Town to all the trading community,
Based on multiple failure patterns or failures to break down and many other technical indicators we have an eminent break out above $ 8440,00 .
This break out is expected to happen on the 29th of May....
Keep your fingers on your triggers !
Best regards
Basil
To my humble opinion here is the chart that reflect past descending and ascending triangles expressing the break downs and break outs .
In the triangle 1 we have the current price action that is expected to break out either in triangle 2 or 2&3 as a protracted base because of the expected resistance around $ 6400.00
These ascending triangle also predict a...
