Xbteur
Bitcoin 4hr chart, long termBTC might see a pump during/after the ETH hardfork, when ETH is expected to dump.
We're approaching The Halvening!Bitcoin most likely to dump a bit further due to China selling, to be followed by a FOMO rally to the moon!
Break up to 5267 would look good hereBullish triangle, plus bottom of the channel. Going long is a good risk vs reward.
BTC Uptrend - Multiple IdeasIdea 1
Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength.
Idea 2
Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend.
Idea 3
Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and fights resistance of previous support, loses upward pressure to a final support around 3600 before continuing uptrend.
All 3 scenarios are bullish, anything below 3200 is rendered bearish.
Do not trade this idea.
Cry leg forming on XBTEUR v2Hello everyone. I am at work currently, but snuck away to make this chart. I am seeing this triangle wave pattern. The reason i am ignoring the drop is because i believe the market was in error here. Full panic. And i also ignorted the top of the correction because fomoed too much. Taking these two things into account we can see that a bearish triangle is forming, and that price could take a significant leg down near the end.
In this version i tightened the triangle up a bit.
BTC Bull market's 1st wave completion or still in correctionI am inclined to the bull market (gray lines)
Bitcoin looks like its falling of a cliffBB are compressing again. Price is falling out the channel below the moving average in BB. When BB compress its "time to pay attention" as Mr. Bollinger said himself. Watch the volume bars. Big green candle that reaches out of the Volume MA signals to me "Buyers beware". All in all, bitcoin about to fall of a cliff? Or is it all a lie?