Next for Bitcoin: possible descending triangle (long term)
Updated
Hi all,
This is possible another way to interpret the long term movement of the price, since there was a lack of volume when breaking out previous triangle (see other idea below). The volume needs to confirm a pattern, big down to 8k area had to come. so my feeling is that the symmetrical is invalidated.
It looks like the price is moving in a descending triangle. Mostly gives a descending triangle a big move down. This one was after the previous bullrun (begin 2018)
For the bulls I'm having a bad feeling about the price but 14k is possible with an up.
For the bears, I'll think 6k is possible with a down. Big short opportunity.
BTW: there are a lot of opportunities to make money in this triangle.
Like to support me and follow to be updated when new idea's published
This is possible another way to interpret the long term movement of the price, since there was a lack of volume when breaking out previous triangle (see other idea below). The volume needs to confirm a pattern, big down to 8k area had to come. so my feeling is that the symmetrical is invalidated.
It looks like the price is moving in a descending triangle. Mostly gives a descending triangle a big move down. This one was after the previous bullrun (begin 2018)
For the bulls I'm having a bad feeling about the price but 14k is possible with an up.
For the bears, I'll think 6k is possible with a down. Big short opportunity.
BTW: there are a lot of opportunities to make money in this triangle.
Like to support me and follow to be updated when new idea's published
Note
This is my previous long term about Bitcoin. The big move stays out so I expect the pattern is invalidated
Note
New idea, click on it for details
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