- Starting from 14 Aug btc failed to make a lower low.
- The same thing happened again a few days back on 8 sep.
- on 23 July " the false break-out " btc failed to make a higher high
- on 5 sep Btc also failed to make a higher high.
many people look at Symmetrical Triangle as a (Continuation) pattern.
but that's not always the case.
looking at the latest BTC analysis i was so optimistic for calling a bullish market as long as we have stayed above the main and only trend line which has been holding very strong for just about a year now.
now that we did break and closed badly below it. we are 100% in a bear market no questions asked !.
the reason why i am 99.9% sure that btc will still dip...
This is an update for
I call this hidden uptrend ! simply because i do not see many traders use this trend in their analysis.
you can see how strong this uptrend is ! see how many times it rejected the prices ! and i mentioned early that this trend has a big...
After the BTC spike, most alts fell down, ETC did fall below an important support, thus a new charting is important. here it is.
BTC is still trading withing an ascending chanel, if we break below the buttom trend then a big fall will follow, as long as we stay above it, we heading north for the next run. your SL must be right under the trend line " candle close"
the red dotted trend line is EOS strongest support and it's ranging very near ! it's either you long now or wait for (if ever) price to test the trend line. this is a very MAJOR trend line, if we break below , a huge dip will follow, but the chart now seems like it's telling us the EOS is ready to move up !.
keep a close eye, your SL should be a candle close...
common sense says the EOS must correct to at least the blue horiztal support line ! but on the chart it seems like it's breaking out of this triangle formation !! if it does, it may BOOST again.!! if it breaks the uptrend in black " downside" of triangle then wait for a buy a signal......
Hello BITCOIN lovers !!
so my overall prediction on BTC is being going quite accurate so far ( check prev ideas). the new trend line "GREEN" is been holding quite well. price bounces back of that line couple of times. it is safe to say that the current moment is BULLSHIT. it will still be bullish until a daily candle closes below that trend. then things could get...