Naw, but if #BitcoinForPresident doesn't get savage & respect this green upward sloping trendline we will see some serious downward pressure. Time will tell per usual.
Rumor on the street in Sébastien St. Louis is leaving the sinking ship.
Linked to this post is a 5 day time frame which indicates a top is near with this H&S pattern. Maybe one or two pumps left & then a deep dive down into the bre-x abyss!
That is the biggest bull flag / ascending triangle I have ever seen.... I think anyway, time will tell per usual.
Nom Nom Nom...…… Brush your shoulders off. H&S negated...…..
In my previous post i talked about #BitcoinForPresident potentially trading in a Bullish Flag or Ascending Triangle, the bull flag ripped to the downside almost immediately after posting, but the ascending triangle on a larger time frame may play out perfectly. I've extended the green upward sloping trendline that was once a symmetrical triangle / pennant...
Since Feb 6th 2019 this trendline has held, will this time be different? Time will tell per usual.
It appears as though #Bitcoin may be trading in a bullish flag patter or ascending triangle . Time will tell per usual.
It appears as though one of the three patterns named in the title are going to play out in the near term. Time will tell per usual.
If you zoom in on this chart to a 5 day time frame or less the pattern is much clearer. In my link to this post you'll notice Bitcoin is also trading in a ascending triangle that was broken flush to the downside not long after I posted it taunting JP Morgan by saying, Bitcoin has provided greater returns since 2015 than owning JP Morgan's stock since 1969, or...
Time will tell per usual.
After #BitcoinForPresident tested that resistance we've seen a nice retracement & support level held that will keep us in a bullish pattern. Time will tell per usual.
It's more than likely the descending triangle plays out with Hive, unless clarity on the situation with Genesis happens sooner rather than later. Even if Bitcoin & Ethereum continue the upward parabolic trend, Hive has lost some or basically most of it's correlation to the two assets, which at one time was "roughly" 94%. Time will tell per usual.