dron7273

dron7273

Btc is still staying in a assumed ending diagonal triangle with the greenhammer on a daily chart( on a lower forming line). I feel that 11000 rally is still possible despite the recent dump. I'd continue to keep eye on it and would inform you if situation start to change. This insane volatility makes me think that now we see a shaking out of margin traders....

dron7273

30% percents of the time of forming a terminal diagonal triangle takes to reverse the price to the beginning of the formation. Time formation 350days - time to reverse - app. 115 days

dron7273

BTC is consolidating in ending diagonal . My entry point for this short would be here around 0.786 from C-D movement and stop-loss above end of C-wave of triangle. BTC would bottom between 4500 and 5000 area because downfall(E-wave) could not be more than C-wave of ending diagonal of first pic