First pivot point after dj breaking trough multi year running wedge. Very bullish in the long therm, also considering market breadth and Trump being forced to resolve trade deal with China timely. US Presidencial elections are scheduled next year, When China's next presidencial election?
h&s didn't complete. It may reverse. It should pass right shoulder peak and we have an inverted h&s. It still can morph into another figure, but I would not buy such bigger range patern.
MAxive correction ahead. Earnings delisional. This was my and also many other's best pick in 2018. Long term I still believe in the business. As Square they support small retailers instead of replace their logistics (Amazon). p.s. This H&S is not regular. Neckline is not parallel to the abscissas. The slopes goes towards the leftS. Completion mean the price...
New Parabola, new pattern, new suppor. This is a great asymmetrical trading opportunity.
I am considering many scenarios. This is the one I like the most now.
My target since parabola got broke is S2. Now capitulation is clear. If it goes below S2 and challenges log scale trend, bitcoin would be i deep trouble.
triangle is a continuation pattern. Not so bearish at this time, unless parabola is broken.
Betting on laggards is like hoping to get drunk by being late to the party.
Indeed this is gonna rek more ppl than 2017 parabola's breakdown, but don't get mad at me, just drawing some lines here. (I'm full cash)
Bull flag not completed. Bitcoin approaching parabola's boundaries. Entry level is 12400$ per btc.
Key resistance broken. At this point I can say that from the broken parabola a new one has borne. I'm long btc. Stop is above former resistance
Closing above 11k would invalidate the broken parabola's rule.
From 11k to 9k and vice versa. Flat until one of these boundaries is violated. Long term bearish, prabola's violation still intact
I love reading twitter looking for random crypto kids, loosing gradually their money searching for bottoms, tops and stuff like that. Long to medium term trends, confirmation with chart patterns, classical principles, that's what count.
Btc testing trendline resistance and building trust @9k. Hope this last support will hold. Can't stand crypto kids crying.
I updated the slope of the parabola. Now it touches the dashed trendline togheter with the parabola. Resistance at 11k. To the naysayers: this parabola can be violated. If violation is confirmed, espect an 80% retracement. 80% is calculated from where parabola starts.