ALRIGHT, I got so excited when I saw this but who knows how it will play out.
If you zoom into where we're presently at, you'll see a fractal continuation of bull penants and ascending wedges that are sequentially getting smaller. It looks like we are approaching a big, deciding moment now. PIVOTAL, if you will, lol. This might actually be where the correction...
bitcoin coming off of its stream of bearish head n' shoulders now seems to be all cup n' handles -ascending scallops. lol
Let's see what happens. As much as I'd love for some 5k btc. I don't think it'll correct that hard but who knows.
What started off as seeing an ascending scallop turned into the possibility of a cup n' handle pattern.... Possible the handle's retracement would bounce off the 8-8.5k range.
drew some recent trend lines as well as lines from a few months ago.
What do you think?
I was curious as to whether the waxing (growing) or waning (declining) of the moon had any effect on the markets. So I'm marking the full and new moons. not really observing anything to definitively report.. Then I remembered we just had a total lunar eclipse! (1/31/18). I remember being bombarded by FUD that day and have accumulated crypto news articles...