Rising broadening pattern sealed the deal for the rising wedge break out to the low. There is also a ascending triangle holding price below 52k for trend continuation 3 patterns working in sync for a short on btc
price is high and needs to sell off lower wedge getting closer and closer to apex
price is riding the low side of triangle another sign of bear action. break out if strong enough will break out and break out of the rising wedge inducing a heavy drop.
Laid out the patterns that drove BTC to current price and found the bigger pattern that price is moving in. Price is high in the expanding triangle pattern which say price hasn't broken thru the patterns resistance which forces price to move to the low side which will take a while to get to. but when the price moves back to the high side we can see another 575%...
Long term outlook show patterns it created and patterns it’s in price is gonna retrace
possible h/s development on the weekly which would play into the 80% dumpfest I have heard brokers and investors talking about. watch and trade carefully.
Price is in a bearish wedge pattern currently, price will break down and retrace to 7-9k. Inside the bearish wedge we had an attempt to develop a double top but the 2nd too looks to be developing either a bearish false break out or a head and shoulders to start the drop. Once wedge is broke price retraces to last prior consolidation which is between 7-9k and after...
Btc potential retrace with future outlook. Looks like price is mirroring itself and has revealed a larger consolidation pattern with potential for a higher break out
Monthly Chart shows Ascending triangle. Current price is in a consolidation phase that will allow price to break out of lower side of rising wedge. after rising wedge is completed we have an ascending upward channel that is expanding on the top side that will allow break out of the ascending triangle. Expect a massive dip. and then enjoy the ride to new...
price is in an expanding triangle with an expanding lower line. Price is also showing Elliot wave movement and about to enter 3rd wave.
Price hit the top line and seems to be possibly pulling back to prepare for a short run but its possible since price is near the top line could possibly break out and go out of control from there. keep eyes out only buy when break out is assured. if it doesn't break out it will have to go short. so if you go short its safe due to where its at but watch out...
With multiple market crashes incoming, btc has been in a constant up trend and bubble since day 1. Classic rising wedge and developing a M at the top to indicate breakdown of the pattern which will lead to break out. Remember distance of fall is usually the same distance of the back of the triangle pattern from original high and low. Inidicates a 99.5% drop at least
Massive rising wedge from original Bull run to now developed approaching an apex point. Largest sell off possible.
Potential rally to .10 after consolidation. price hit a resistance zone 1 and 2 and is riding under the resistance I believe we have a ascending triangle developed or a potential symmetrical triangle developing. if symmetrical it will be bearish if the ascending triangle idea holds we can rally to .10
Triangle pattern on 1 D chart showing very strong bear signal, lower side of triangle very steep compared to the upper side of the triangle. If this triangle was symmetrical it would be a trend continuation which its not both sides of the triangle are not even. However we have one side stronger then the other which indicates price could retrace back down to the...
Symmetrical triangle pattern usually refers to trend continuation price convergence expecting a rally up to higher resistance level 3720 possible punch thru to next level resistance is possible. trade carefully at your own risk
if you look at weekly and monthly you have Bullish patterns developing showing a serious break down in the US dollar. break out will be Bullish but if you look at prior crash history we are expecting a rally up before a massive crash in price so this will open up a massive buy and potential serious sell option. tread carefully as trades require risk.
GBP for the monthly chart is showing a Major Rally pattern known as a Falling Wedge, W pattern forming at Bottom which indicates a rally Position. However also at prior economy history via the price chart we following in a similar pattern where we will be hitting a rally up to create break out and new Lower High. indicating a Pivot following a Large Economic Drop...