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SINCE YESTERDAY DUMP OF BITCOIN, THE PRICE BREAK BELOW THE LOW LEVEL
SUPPORT OF THE SYMMETRICAL TRIANGLE WITH AN 50/50 OUTCOME. NOW IT LOOKS
LIKE THE BULLS ARE BEING WEAKER AND WEAKER.
AT THIS POINT WE'RE...
(info provided in the chart)
The Bitcoin Market Cap chart moving right now in a sym triangle. This is a continuation pattern.
A triangle forms itself to give the market some breath after a big move.
Because it is a continuation pattern, I'll expect a break out upwards.
But, keep in mind, this type of triangle always has a 50/50 outcome.
Since btc is a time in a triangle (sym or desc) the outcome of it getting exiting. I've posted about the big triangle an idea, linked below)
As you can see there is an inverted head and shoulders pattern in the making. If it breaks out indeed the first target is 12k.
All info in the chart.
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Big triangle idea, click for...
Nice chart to keep watching untill 2027.
I believe crypto follow a trend line on long term perspective. And this is what I think for Ethereum.
Also having a long term chart for bitcoin (in the link below)
Have a nice weekend!
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Couple of hours ago I posted a chart of a descending triangle for XRP. To made thing clear, BTC had a same one after the big bull run ended jan 2018. Below a screenshot.
I hope for all the xrp believers it will not result in the same way but I've bad feelings about it. It's just the same pattern. With statistic the same...
Wow. That takes some more time than a random chart with a simple triangle pattern ......
In front of you the weekly chart of Bitcoin .
I've made this chart with a multi year support line. I think when the price will be under that line, we'll get in a bigger or smaller bear market. But if the price become above that line it may implies we're in a...
First of all thanks for the likes and dm's about the BTC idea from yesterday. Appreciate that :)
In front of you the 4hr chart of bitcoin.
Yesterday I published a possible descending triangle formation, but after the move of 12hr ago there is also another possibility. The strong support and strong resistance where broke LIKE NOTHING. That was a great...
Following up my previous idea about marketcap altcoins.
- bullish div on RSI ( means: decrease price / increase RSI)
- bullish wedge still in play
Previous idea below. Check also my other idea's, linked below ;)
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This is possible another way to interpret the long term movement of the price, since there was a lack of volume when breaking out previous triangle (see other idea below). The volume needs to confirm a pattern, big down to 8k area had to come. so my feeling is that the symmetrical is invalidated.
It looks like the price is moving in a descending...
Following up my previous ideas (linked below), here a new one.
- btc is testing the first support (green zone)
- btc is in a bearish wedge
- Bearish wedges mostly results in a new down
- Top of bearish wedge is next to the "dangerous resistance"
- IMO btc will go to lower value after touching that diagonal resistance and test the...
This is my view on Litecoin.
Litecoin first was in a descending triangle, broke out en looking for support now.
If Bitcoin will bounce quickly, the price of ltc will bounce on support 1 and will go up quick. If BTC will break support around 9150, we'll see BTC fall $2000. After that LTC will dump until support 2. And maybe 3.
Hit like to support...
This is the next idea following the one of yesterday (below)
After the dump of yesterday, I see a possibility for another dump.
Before the dump of 2018 there where two big wicks on the daily. The last days the chart makes exact the same wicks.
If the bulls will win there must be a big up next days. Otherwise I see a same dump happening as...
This idea follows the bearish path of my previous idea. I didnt expect the break out was so early, but that's what happens in very small markets like crypto.
Right now the price is falling. If there's an up coming I believe price will touch the big support zone first.
If there is a down price will test the support zone a couple of times and then...
Some of you requested so here it is. This is the 4hr chart of ETH / USD
Again: not too many words only the keypoints.
- Couple of months ETH is fighting against a big resistance
- Right now ETH is in a descending triangle, this is a continuation pattern so mostly with downwards break out (30/70 chance)
- If the bulls will win from this big resistance...