dylanshannon

dylanshannon

This channel was drawn a long time ago and has held up 100% (see previous posts for proof.) Do YOU think it will break up, or break down? I think up. WHY? WHEN? Look forward to hearing your thoughts.

dylanshannon

I could see both a pop or a drop. This type of TA isn't useful for BTC. It would be useful for stocks, as you could buy a strangle and profit from the increase in IV. Share your thoughts - they're appreciated. Thanks for looking.

dylanshannon

BTC is hitting against a historical resistance point = Bearish But it's also in a right angled expanding wedge which is bullish. Can it power thru? Certainly. Will it? I don't think so right now. I think we retest 6000 first. What do you think?

dylanshannon

Hi All, Thanks for checking out my analysis. In this analysis, we are focusing solely on OBV levels and the descending expanding wedge on the daily BTCUSD chart. I believe that this pattern we saw in June 2016 will play out once again. Pay close attention to the red and blue OBV levels. You will see in July 2016, the OBV rejected the blue level (see red gavel...

dylanshannon

BTC failing to break upwards in descending expanding wedge... Not a good look. I fully expect BTC to retrace to at least $7500 before pushing out of this pattern successfully. LT bullish, Short term bearish. Good luck to all