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I've been seeing this picture for over a 2 years now. Every other day the print just keeps getting more obvious.
Not trading advice, no crazy indicators. Just Lines I drew based on previous price actions.
Keeping it clean and simple, not a bad idea to just save this and hit the play button every 10 days.
With speculation of what currently going on and people...
3 day chart ( BTC -1.35% value calculated to USD)
Bullish scenario for the end of the year.
Chart is self explanatory, descending wedge target = base formation of the triangle ($1.50)
Breakout + $1.50 target = ATH -0.02%
That should then form an ascending triangle , if breakout we can see a x 500% pump taking us to $10 like the formation of the ascending...
Facing main resistance from it's 5 month descending trend line. If it breaks out first target is $950USD.
Simple trade. Could break out now or could have a small retrace before re-attempting.
Stop loss $670.
Just goes to show how the past reflects the future.
Chart is simple, click the play button every 5 days and follow your path. I personally predict the blue path will take play.
BTC is a year away from testing a crossover of 2 major trend lines that have been active for the past 7 years.
As of now we can play scalp trades, I see a short opportunity today...
The beauty of Trend Lines. Shows how the past reflects the future.
Back in October I started drawing trend lines on big time frames, stopped in Late December. As of Today those trend lines still move the price direction of IOTA.
All of the BLUE Trend Lines were drawn between OCTOBER - LATE DECEMBER.
All of the PURPLE Lines have recently been drawn as of...
I've been getting quite a few messages to re-update for LTC.
If you guys followed my posts from the past month of calling a retracement back to $154 and $136 from our high of $244, those who followed should be in great profits. Congrats. I'll post the links below just so you can click the satisfying play button :)
LTC has MAJOR resistance between $175-178, LTC...
If you guys are interested in Longs check my chart that I posted 35 days ago which I try to update on the daily. Click the play button on it if you have any doubts :)
This is based on the fundamentals of my original chart, just in 45 min TF view since these areas...
Bullish Divergence and reversal Ascending Triangle forming on the RSI.
BCH has been on a downtrend since it's addition to coinbase/gdax.
It'll all depend on how BTC acts around these levels of $8500-8900.
Buy on a confirmed breakout for a quick 10% profit.
LTC obviously took the lead over "The big 3", since then BTC has moved 60% without making much effect on LTC's price, it has been sitting sideways for the past few days to 1 either give it's next leg up to target the 10 month old trend line which will meet with resistance around $300.
Scenario 1 : It'll breakout upwards IF BTC can break out of $11.5-11.7k out...
BTC is currently facing resistance from a trend line that formed from it's first break-out a year ago from the single dollar stages.
Although I do see it forming a rising wedge, if it manages to blow past through it and close on-top. If the rising wedge fails ontop of the trend line resistance it should now act as major support. Once broke out of the channel it's...
To me it looks like we will be testing $12,400-12,700 in the next 5-6 days. If price fails to break the major downtrend line I see it forming a massive pennant which should bring us down back to the $8-9K area.
Resistance also coincides with previous major uptrend line as well as Major downtrend line.
This isn't investment advice, but chart does look healthy...
Looks like it's finally going vertical. Breakout confirmed on smaller time frames. Hoping to see a daily close above the downtrend line.
Reason for March 5 HODL. Also ETC was one of the few coins that didn't pump during the holidays with insane 300+% profits.
Callisto Network Fork Airdrop happening somewhere between the time frame of March 5.
I entered at Long...
Bitcoin just doesn't seem to care about being overbought/oversold. The dip gets bought instantly. $5k drops recover within hours as it'll take weeks to recover $2k.
World wide FOMO and inflation with USDT just gives BTC one direction right now and that is UP!
I'm sitting in Fiat and scalping on the retraces to be on the safe side.
As we were all surprised with the cancelation of B2X, FUD involved with BCash. Money flowing in and out of BTC skewed all projections and now has us confused on which direction it is taking. I had initially posted an idea which was following it identically before the B2X fork was called. Posted...
By all means ignore this idea. I have 0 TA experience, just my thoughts and some numbers that I put together that just so happened to fall on the B2X fork date.
I noticed quite a few bounces from previous ATH.
ATH X .61 always seem to be a key correction #.
First we went from $775 to to $470.
775 x 471 = $472.75
Another $2960 to $1830
2960 x .61 =...
Went back into the market after seeing it get hyped up by the media again a few months ago.
I am now forever scarred for purchasing a green 500mW Laser in early 2010 for 4380 BTC.
Assuming some FUD unfolds (I don't like viewing prices as per news, but let's face it... A tweet from any crypto having a new release causes it to steer)
about the B2X fork this...