BTC LT Symmetrical Tri. Falling Wedge Fib $6,200 halving Cross L
Long Term Bitcoin Overview
Showing everything within a proposed Long Term Symmetrical Triangle (Starts March 25th, 2017 and Ends around 4th of July, 2021)
Looks like we are indeed within a Falling Wedge, but will break out of this wedge before Halving (predicted for May 14th, 2020)
Halving Cross Line fits perfectly in the center of the Long Term Symmetrical Triangle at $6,200 --- and of course $6,200 isn't surprising, see bottom of wick for Oct. 29th, 2018....which was re-tested on Oct. 31st, 2018, and it held for a couple weeks.....but when it failed on the 14th of November, 2018....that is what triggered us to fall down to near $3,000 in December of 2018.
THE CHANCES OF BREAKING OUTSIDE OF THIS LONG TERM TRIANGLE BEFORE THE HALVING IS EXTREMELY UNLIKELY!
Showing everything within a proposed Long Term Symmetrical Triangle (Starts March 25th, 2017 and Ends around 4th of July, 2021)
Looks like we are indeed within a Falling Wedge, but will break out of this wedge before Halving (predicted for May 14th, 2020)
Halving Cross Line fits perfectly in the center of the Long Term Symmetrical Triangle at $6,200 --- and of course $6,200 isn't surprising, see bottom of wick for Oct. 29th, 2018....which was re-tested on Oct. 31st, 2018, and it held for a couple weeks.....but when it failed on the 14th of November, 2018....that is what triggered us to fall down to near $3,000 in December of 2018.
THE CHANCES OF BREAKING OUTSIDE OF THIS LONG TERM TRIANGLE BEFORE THE HALVING IS EXTREMELY UNLIKELY!
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Disclaimer
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.