BTC Completing Rounded Long Term Bottom in Parabolic Ark Formation Still possibility of Break to 8,300 - 8,900
THis is a possible BEAR BREAK - Ir simple Bear TRap Reversal in a lower part of a bull flag Looking for a re-test or last swing down - Before reversing Bull Trend in tacks
BTC Inside Giant Pennant and under internal Trend-line May drop lower and loom in Bear Trap - (Green Box)
Folks, We are in a giant bull flag "pendant" Not hard to see here. We MST Finish the cycle Capitulate down below "reasonable levels" Down to 12,800 11,800 possibly 10,800 Cryptos - love to live below flags to fake and shake investors and trader Have cash and scale in - Before an Aggressive rebound and powerful advance BTC to 4X from lows / 3X from today's...
BTC May be heading for a soft rally into a bull trap Then to a final Bear Trap at the lower end of the penant It could also have completed its correction and rally Brace for both CF
The two Lines are internal trend lines Crytos are parabolic non linear TA is just a loos interpretation we use to give us confidence However trend-lines are like membranes Support and resistance are more like trampolines Not rigid forms Markets are much more complex than that today. So a scare or two south in the 13K 12k range Or a consolidation into the wedge...
BTC and the big 3 must compplete through a full wedge formation Likley spilling downward iinto a fiinal bear trap around 13,5 or 12,5
BTC Re-Attached to LT Trendline - with Bull Trap IN PROCESS Sell Targets are close 16,500 and Huge seller volume last hour This wee Followed By... Wait for it... Wait for it... a Bear Trap Bellow around 13,900 My Guess The rise happend too quick on low volume Trianlges have Bull Traps on Top and Bear Traps on bottom after major move consolidations like last...
This will play out over the next 2 days Up first then down or Down first then up May need another drive down - hopefully not too far BTC is maturing into a stable market and growth will slow
BTC is Compleeting a funnel and likely to re-test - with a possible double tap purge and looming bottom Maybe not so bad - 14,500 - 15,000ish What do you think??
LTC is forming a Bullish triangle on top of a ling term Support and Internal trend-line This is how it's building it's Castle (Structure) in the Sky, So it's not a house of cards It may fall back one more level to the 15400 range Enter in low part of formation and also on Anti-move downswing Uber bullish to me? What do you think?