huge bullish pennant, yuuuuuuuge
watch out for a "sell the news" dip when main net goes live ~Oct 31st
but could just as easily moonshot out of the pennant
no ICO, no premine, no bs marketing, good humble bird coin
trade this kind of stuff instead of bankster scams like XRP ;)
This monthly candle seems crucial.
I see two major scenarios that can play out from here.
If September candle closes above the green support line, then we go bullish for the remainder of 2018. HODL and accumulate BTC on dips. This is the relatively easy scenario.
If September closes below the green support, then we could go...
Price makes a lower high
Indicator (RSI) makes a higher high
Hidden bearish divergence
It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!
Bulls aren't completely out of the woods yet.
" In a downtrend, divergence occurs when price makes a lower low, but the indicator does not. When divergence is spotted, there is a higher probability of a price retracement. "
See the blue line for example. Looking for a BTC bounce here.
falling wedge on the daily chart?
before btc takes off toward the moon, i'm seeing another pullback when it hits the top of the wedge. if the price does pullback, it could be a great spot from which to take long position...
We are possibly bouncing off the lower bollinger band on the weekly.
Path to glory: bull run to middle line moving average, slight dip, then full bull run to above the clouds, the moon, and beyond!
Too simple or easy?
It's a long term move to watch - good luck!