BITCOIN CUP AND HANDLE 'FORMATIONCURRENTLY BITCOIN CREATING AN CUP AND HANDLE FORMATION. COULD BE A GOOD SIGN OF PUMP BUT THERE IN BTC VOLUME IS NOT INCREASING.
IT COULD BE A FAKE PUMP.
SO BE AWARE.
HOPE YOU ALL ARE FINE.
Cryptobitcoin
"MIRACLE WAVE" on Bitcoin, (Step by Step action 1 to 4)Action 1:
Up-Major Parallel Channel (X)
Down-Minor Parallel Channels (Y) & (Z)
Looking at both channel (Y) and (Z), it turns out that there is a SLIGHT different between it.
Action 2:
Used two Rectangles(i & ii) to measure the movement.
The length & width of both rectangles are the same.
The point where used by rounded black circle has been touched at value low(lower line of Major Channel X )
Action 3:
Applied " Control Price " from labeled "a" to "i"
Action 4:
" MIRACLE WAVE " at 6854 approx. from " Control Price " that is projected.
Still more chance to fall in price of Bitcoin? for Traders.Hello! Friends,
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price attraction toward the gravitation line.
no trade activites above and below gravitation area for the parallel channel.
high chance to fill no trade activites and fall toward to value low are.
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"" Intraday(30min charts) CHART ""
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PART (i):
Take a look at your Triangles
PART (ii):
perfect Channel has been broken :
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"" DAILY CHART ""
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Look at the "?" up-breakout is the question.
2-control lines
parallel channel with value high and low
an excess found(penetration)
Remarkable point:
=> 1) Volume started to rise while last tested at value low(b) which sign of up-breakout. if there's up the breakout, then price not break (b) orange line (gravitation).
=> 2) Point should be noted that many Dots or many times price tried to touch at value low("b" line).
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"" WEEKLY CHART ""
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Weekly chart and bottom is out?:
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
