BTCUSD - possible trendline breakoutIt seems that the price of Bitcoin is trying to break the upward limit in the downward channel. It is also a crucial potential resistance to the harmonic pattern we’ve described earlier. If the line is broken we could expect another rally to the possible next resistance at the previous top near 10404 USD. The other resistance can be located at 13800 USD.
From the Elliott point of view, if the mentioned resistance is broken the third wave may develop, and then the whole Gartley pattern will be only a second wave.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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BTCPLN
BITCOIN BEAR BULL wedge breakdown for granted? Downwards wicks?Bulls didnt win their red flag today again as it worked on sunday.
QUESTION/SURVEY:
1. Should bears care about these pump times? (no upward wicks, no red candles)
Especially the last one marked in green and yellow, downward wicks only, looks like the market was being completely controlled?
( 2. Else is the crash soon very likely? Can be breakdown from the yellow wedge)
Bitcoin about time to short below $2400 ?good day.
Weekend may be used for panic selling
What are we waiting for here?
Did you sell already or did the crypto bubble's mania virus catch you?
If you are long on margin, dont you feel guilty of the bubble?
Why not give your voice for the rational healthy consolidation finally?
Rising wedge, then down and ascending triangle?All details at chart. I have an idea about unregular rising wedge with end at 6500-6600cny. Bearish ending ofc. After that - forming 2nd point of ascending triangle's lower line.
PL explanation: forum.bitcoin.pl