From here btc can either:
-continue to range in the triangle
-move to the next fibonacci level
If we look at the parabolic growth in 2013-2014 we see alot of similarities:
- crazy bullrun untill end of the year
- then a simmilar...
We dropped straight through the local supports over the last few days. But now we are approaching a very long important long term support of the parabollic long term triangle.
This support is likely to bounce, we have a big chance of ranging in the triangle. Since the end of triangle is near a big move is more likely, so there is potential for...
We have found support on the trendline. With CME futures cash settlement in combination with this support this may go to the MOON!
Are you guys ready to see the king fly again?
Lets open long and ride the green candles! :D
We have the big longterm triangle that we are ranging in since the fall in december.
We can also see 2 support trendlines that have held strongly before.
Last days we observed that the first supportline at 8400 broke and it triggered a big dump. Then we went to form an ascending triangle which broke out and had quite a pump, but it was a fakeout and got...