BTC still within range bound, upcoming 18 hrs are important, as we approach the convergence of two lines, usually descending triangle are considered to be bullish as price breaks out in positive direction. Let see, what we experience.
Just check the last EMA Cross appeared in 2020 May, and later it was all Bullish trend, though there were two bearish signals before but it did'nt hit hard........
Today, i have observed the EMA Cross Again but this time IT IS BEARISH SIGNAL....... JUST AFTER WE HAD DEATH CROSS......
The triple top pattern occurs when the price of an asset creates three peaks at nearly the same price level. You can witness the pattern here..... i expect the price to fall till $28000.........
The Current Bull seems to reflect what had happend in 2017. Compare the chart pattern and you will realize it.
Somehow, there are few things i had observed:
1) This time the pattern is in one month advance, every thing that happened in 2017 is almost happening but 1 month before.... just check corrections for example. While news and Fud are another things to...
I have just compared the 2017 bull run with the current one, and have found insane similarities........
if you watch closely, the price movement, and even the percent change from one ATH to another gives strong indications..........
I will share my this bull run chart shortly
Last six months have been bullish, and with each green there is a need for healthy correction which we have not seen yet in the monthly candles.
While going through the all time data, i have identified an strange pattern, and I Guestimate that the upcoming two months might be a bearish ones for Bitcoin.
Here is the table below:
Sr....
Currenlty, the (4 hour )candle seems to be bearish though two hrs are left. If Bulls are able to break this triangle, the next stop will be $41, and next target will be $50. Otherwise, we will continue with the pattern till Mar 31.
Suggestiosn welcome to improve my chart readings
Regards
The overall Sentiment of mkt ---- Bullish
Ascending Triangle breached
Consolidation period almost complete
I expect a rise upto the resistence level.
What do you think....
So the Two hour chart of XEM (NEM) has formed the Cup & Handle formation. Price has been wandering around .58-.60 figures. Considering the airdrop news and the upcoming MainNet launch, it can be suggested that a Breakpout will occur.
Any suggestions?
Considering the corrent market conditions with no clarity of ups & downs, we may enter a downward trend for Phala. Though, price is within the channel, but MACD & RSI are in full mood to go down. Any how, waiting for the next confirmation. IF WE ENTER THE DOWNWARD TREND, THE ONLY THING CAN SAVE IS THE "SUCCESSFULL AUCTION SLOT FOR PHALA ON KASUMA & POLKA DOT...........
