BTC - A number of textbook patterns back to back to back to back
Updated
Hey,
Let's look at BTC here in terms of time chunks as opposed to one continuous pattern. Most TA's i'm now seeing are just calling for doom because we're hanging around lower half of 6k.
If we stop and analyze each section of BTC, we get a very obvious number of trends and price action patterns. Mostly falling wedges but we are finally in an ascending triangle.
Maybe i am hopeful but the news that are rolling in about cryptocurrencies are exactly where my thoughts come from. "BTC being adopted all over the world" is not what i'm saying, but i'm saying is that we're now finally moving forward and beginning to layer foundations.
Unless we break some major supports and have a dark period of time for crypto and BTC, we will see $9,000+ in no time.
Let's look at BTC here in terms of time chunks as opposed to one continuous pattern. Most TA's i'm now seeing are just calling for doom because we're hanging around lower half of 6k.
If we stop and analyze each section of BTC, we get a very obvious number of trends and price action patterns. Mostly falling wedges but we are finally in an ascending triangle.
Maybe i am hopeful but the news that are rolling in about cryptocurrencies are exactly where my thoughts come from. "BTC being adopted all over the world" is not what i'm saying, but i'm saying is that we're now finally moving forward and beginning to layer foundations.
Unless we break some major supports and have a dark period of time for crypto and BTC, we will see $9,000+ in no time.
Note
Let me make sure you understand that i'm not talking out my bottom hole.Each pattern, break out and break down have been about ~85% accurate in terms of targets and roll outs.
Do the math.
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