Still trending on the upswing, and the power of this is yet to be seen to where it will end. It has to simmer into a down swing afterwards. Depending on the indicators and important price points we could see something of similar to what I've plotted for the future outlook.
Helps to know the value of movement and how much is being taken. Information and temporary run chart.
Helps to see price as it is trending, channeling, stalling, rebounding, and spiking into areas lined out. This chart has points of interest taken from my other charts which should also be viewed for the bigger picture. 1 hour, 4 hour, 45 min and daily charts recently made.
If price doesn't go down now, the future is H & S...Pink Dash Lines = Neckline and the most recent Low of lows.
With these trend lines, it will help us determine what trend direction price decides to continue in. Time will tell as we are probably heading into a minor uptrend swing, the indicators are again pressing for height. I had to make this short term intermediate chart for the information feed.
I think downwards soon. When it goes, it will go. Missing the uptrend soon? The indicators once again, certainly say upwards, and if that's the case look for a short opportunity near those upward resistant lines. I won't margin this, short or long. I'm specifically waiting for low price coins. Margin trading will always be there when the timing is more reasonable.
We should have a lower low within this 7 month time period, with volatility and great spikes up and down, good luck with the profits !! This is a run chart and information confirmation.
If price continues downward these major blue lines would be the next major pitstop and in my opinion the uphill battle begins. These blue lines come from before the great bubble. I expect some upward movement for a while and sideways, I'm on the fence about the next great big drop. As time passes it will be easier to tell if it will happen.
I included some short term boundaries as well into 2019. Expand / Stretch chart for detail. This will serve as a great insight for years to follow. Run it Chart.
I'm more for the Red arrow than the Inverse H & S. anyhow, I had a static picture I posted in Chat and turned it into a posting now.
Posting this one for information if the price continues to fall. Areas where the price will stall/bounce. The bear trend is hot but cooling off, hard to imagine the price will continue to fall and fall when our indicators say up and up.
The near term angles plotted.
Currently in the Brown channel. Green and Blue support channels yet to be entered. Pink line is long term support from Spring 2017 curve points. Run this run chart if price action continues downwards, for additional information.
Most likely a blow out upwards will happen and invalidates this far fetched idea. Yeah I know way, way early to call this formation. Currently a 14% chance. Looking ahead, I can see this possible set-up. I'd rather know it's possible than be oblivious, so keep an eye out for it, probably won't happen they way I have it lined out. I'm still bearish overall, as we...
Come on BTC lets get some real volume going !! This is boring slow.....can be either way downish or an upish swing. I think down personally, up is good also, either way I have strategies in play. Good Luck Trading !!
There's the areas I think are concerning, along with what the indicators are doing. I'm still for the short term bull rally and hopefully price busts through, although I see the ceiling also and the bounce down. Long term bear divergence can/possible comes into play, kicks price into a downtrend spiral.