Here I'm back with another interesting chart......
A bullish Three-Drive Pattern!
Before getting bullish, $BTC needs to see the bottom.
Where is the bottom?
According to this carefully drawn pattern $BTC must touch $5k in first week on September.
$5k would be the bottom everyone is looking for...
and from there we'd see a long term bullish...
Lisk has been one of the better coins out there which was always quicker to bounce and 50k sats range proved to be ideal bottom and go all in point for a quick 3x return.
Watch out red and yellow trend lines for bounce - and green box indicates support zone and descending parallel channel. Unless it breaks out of this bearish channel, price would continue to go down
After iH&S neckline breakout $BTC is trying to get back into symmetrical triangle that it broke down on June 10th.
I'm closely watching symmetrical triangle supported turned resistance now (circled), if Bitcoin manages to close above that trend line I'm pretty optimistic price would hold in this range for long time.
Hold your breath! Presenting you something stunning that can blow your your minds in days of blood and pain and bring some cheer on your faces.
What is that?
Look at this chart. Bitcoin is trading with two massive descending triangles.
First let me explain what a descending triangle means.
The descending triangle is a bearish formation that usually...
Here is another comparison of 2018 vs 2014 charts in view of log resistance breakout that happened back in 2014 but later it went back into bear trend. Here are some important points to be considered
* In 2018 Bitcoin broke out of log resistance on April 20 after hitting a bottom of just under $6k, whole crypto world went berserk on a potential trend...
Interesting $ETHBTC trend analysis. Playing exactly as last year.
Got rejected/corrected from channel line resistance of inner purple channel, bounced back from trend line on inner purple channel and target of outer blue channel resistance line achieved in June last year.