zippy1day

We have reached a crucial level in my opinion which will probably dictate medium-term future direction! Is this a Descending Triangle and so point 5 a pullback or is this a Falling Wedge(Wolfe Wave) and point 5 is A in the schematic and a possible Spring an "Accumulation" according to Wyckoff? http://thepatternsite.com/WolfeWaveBull.html

Long time since I charted Stamp but now seems more relevant! http://thepatternsite.com/fallwedge.html

Law of averages must mean a pattern succeeds so let's go with it! Also bounced off the "Apex" of the larger Symmetrical Triangle(white diagonals cross) which is encouraging so are we going to see a sign of strength in bitcoin?

I drew this earlier(see link) and now thinks it fits one with shelf! http://thepatternsite.com/tb.html

Targets as per chart for calculated and measured! It does appear to fit all conditions and closed above cup lip so considered confirmed.

Waiting for confirmation once cup lip broken! Exhibiting all the attributes of the link below:- http://thepatternsite.com/cup.html

As you can see from the chart the initial target for this pattern was met and overshot just a little! Data used to calculate as follows:- High : 6493.1 Low : 6435.3 Break : 6463 Target : 6501 Formula from link:- http://thepatternsite.com/st.html Simplified = B + ((H – L) * 66%)

If you believe like me as many others who follow Wyckoff then this maybe achievable with a few twist and turns along the way! Interesting video from the chart boss ~ like his drawing analysis. https://www.youtube.com/watch?v=eKUCxy5SNzI

Targets as per chart:- https://www.tothetick.com/archives/2629

Coming up on strong long term trendlines in a defined channel now and established "Demand Zone"!

Bulkowski Calculation:- B + ((H-L) x 66%) H = $8506.7 L = $5755 B = $6477 T = $8293

Looks as if we are entering this phase with a "Sign of Strength(SOS)" target between $12~$13.5K. I then expect another period of consolidation before heading off to $22.5K.

For sometime now I have been drawing a "Descending Triangle" but it could be a subtle "Falling Wedge"? http://thepatternsite.com/WolfeWaveBull.html

Hit target price exactly! Calculation (Bulkowski) B - ((H-L) x 48%) High(H) : $6840.9 Low(L) : $6100 Break(B) : $6609 approx Target : $6253 http://thepatternsite.com/measure.html

An interesting pattern and may explain the weirdness of bitcoin -0.20% at the moment. Target : $12K ~ $13255 https://twitter.com/peterlbrandt/status/961617456727904257

Whichever pattern within the this Bullish Channel we should make $7040+

Normally the upward sloping channel breaks down but will bitcoin surprise?

I think we could all probably agree the last six month's have been in a low volume sell off which in turn should be very bullish culminating in some sort of "Spring" after accumulation!