#Ok #OkCash $Ok $OkCash Moon ? OkCash - 7x ?OkCash Buy Buy Buy Below 2500 sats .. & follow above targets mentioned above chart
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BITTREX:OKBTC BITTREX:OKUSD
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OKCBTC OK CASH CUP AND HANDLE FORMATION, HALF CUP FORMED1 DAY CHART OKCASH, is forming a cup and handle formation starting in the beginning of september completing its first cup half formation now moving up to its cup beginning point. The price and date range indicator shows the first half o the cup forming at 31 bars .
BITTREX:OKBTC BITTREX:OKUSD
Possible BTCCNY FlatLooks like China could paint a flat correction here.
Watching for a wave 5 push into C to complete the move beyond wave A.
Should see oversold divergence to confirm.
So boring.
Possible Scenario - Falling WedgeThis is starting to look like one massive falling wedge, for which Bitcoin is famous for. Although it is a bullish pattern, the last one we found ourselves in during the summer of 2015, failed miserably (with a Bitfinex stop run below $200). This time around I tend to be an optimist, expecting a great buying opportunity between $300 - $320. Of course I assume there will be a significant amount of chop and and squeezing within this wedge.
Good luck!
A 3 stage descending triangleWe are currently in a channel that is forming a large descending triangle. This triangle is taking the price down to $175. If this scenario were to play out, I feel it could damage confidence in Bitcoin and make a breakout that takes the price above $216 unlikely without some extremely good news.
We have hit some long term support at 216 and this support is creating a new descending triangle within the large triangle. If we are unable to drop below 216 we would see a breakout during the first week in May. What happens in Greece around the 12th May will play a part in this scenario. This breakout would also take us outside the long term down trend. A bounce back to $270 would be a strong possibility and if coupled with some negative news from Greece, ie a failed IMF payment or a bail-in announcement, $300 is a certainty.
Dropping below $216 would test an area of huge support. $205 is the yearly S1 pivot and there have been several failed attempts to break this level in the last few months. The support would again create a descending triangle that is the support held, would see the same breakout to $270 or higher depending on Greece.
Breaking the support at $205 would inevitably mean a drop to £175
Drop could re-test lowsWe are currently in a huge bearish triangle descending to around $180. There is a massive old support at 203 (also the Yearly S1 Pivot point and the conclusion of the Elliot Wave) so we could see the bottom of this cycle or a bounce at this level if the support holds. If we break the support, a drop to $180 or lower is on the cards.
FUN FAKE FUTURES TRADESMACD and RSI are both overbought let's take it down five bucks over the period of a day and end up completing our triangle at $217 on April 20th.
