Hello! Hello! Hello! What a wonderful day to be a BULL! I am here to discuss the new pattern projection I mapped for BTC's road to 8k. As you see we have two matching trend-triangles that I believe will conclude in similar manner due to the type of resistance experienced. Ultimately I believe we are growing a little too fast now compared to the original trend line everyone has since the March 12 crash. More details to come, if projection is correct.
I Used: -MA & EMA -Fibb -RSI -Volume
As always take a deep breath and Enjoy Life!
Note
The blue triangle prediction zone above the green support rectangle should have a peak up till the red resistance line 7.6k. It is currently set to the daily high on the chart, make adjustments.
Note
So far I would say we are near 100% accurate with this model. The predicted Bart pattern ahead might not be conventional Bart pattern but more of a consolidation or maybe another consolidation triangle.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.