I don't necessarily expect this falling wedges to play out because of the ultra weak bull reactions thus far. But keeping it in the back of my mind. The bear push has been slowing up a little bit relatively. In an area that does NOT have a lot of historical support (3600 to 2800). You'd almost think we would have filled the gap down to 2800 faster.
See red descending triangle followed by a relatively weak breakout, retest, and formation of a smaller descending triangle. This led to a nice long once it broke out of second red and settled on support.
See blue massive descending triangle followed by a relatively weak breakout, retest, and formation of a smaller descending triangle. Look for a break to the...
Long only if it follows the top path and settles on new support. Do not buy on first re-test of support, would have to wait after strong rejection of support to the upside, or possibly second re-test if it looks stable. Longing in bear market is dangerous
Short a strong rejection of 3386 - EZ play
-Bullish chart signal - High volume buy blasting back above very strong resistance
-CZ, the CEO of Binance is a beast, and is some one you want for the long haul if you are betting on crypto
-Binance expects $500M - $1B in revenue in 2018. Binance allocates 20% of its profits to buying back/burning BNB to increase value
-Binance's most recent coinburn...
Looking at 2013 and 2014 fractals, a mean is established. 2014 has the obvious descending triangle like we had in 2018. The price oscillates below the mean, and then reverts back to its bull path.
These aren't exact measurements, but it seems laddering buys 3000 to 2000 would be a good long-term play if you believe Bitcoin is still in a secular bull market.