BTC - End of the Year Synergy
Updated
Lots of bulls still, but to me this triangle says it all. I don't think we're going higher, although at this point anything anyone says is just speculation. Moon has been delayed for next year at least in my opinion though.
If you take the supports and resistances somehow everything melts down at the end of 2017, around December 30th - December 31st, right around when the Stellar giveaway will be taking place. Coincidence? There are no coincidences in crypto. Something might be happening around then.
If you trade this triangle just buy the supports and sell the resistances. I think it's going to break down eventually and we'll revisit 8000 CNY in the next months (around 1200 USD). But then, around the end of the year, a pivot will come to save Bitcoin, or to kill it forever.
Good luck :)
Remember if you want to discuss about this into more detail you have more information about my groups in my signature. I'm also analysing the fractals for this and once I have a better the idea I will post the updates in there. Last time it worked perfectly. I predicted the exact moment to sell the top of the bubble even before it started. You can check it out here:
Happy trading!
If you take the supports and resistances somehow everything melts down at the end of 2017, around December 30th - December 31st, right around when the Stellar giveaway will be taking place. Coincidence? There are no coincidences in crypto. Something might be happening around then.
If you trade this triangle just buy the supports and sell the resistances. I think it's going to break down eventually and we'll revisit 8000 CNY in the next months (around 1200 USD). But then, around the end of the year, a pivot will come to save Bitcoin, or to kill it forever.
Good luck :)
Remember if you want to discuss about this into more detail you have more information about my groups in my signature. I'm also analysing the fractals for this and once I have a better the idea I will post the updates in there. Last time it worked perfectly. I predicted the exact moment to sell the top of the bubble even before it started. You can check it out here:
Happy trading!
Note
Very obvious bear flag spotted in the 1H chart.
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