Cripptopotamus

Cripptopotamus

I believe this breakout will come imminently. The OBV is under compression forming a tight ranged coil. Expect a considerable break to the upside.

Cripptopotamus

This is the scenario I think may play out- a continuation of the downtrend to a psychological 50k support level where a bounce is to be expected possibly through the trendline. If the trend breaks then support may be achieved at 54-55k. If this support is tested- next stop 60k.

Cripptopotamus

I’m still unconvinced the downtrend has been broken looking at particular the trendline on the OBV. Until this trendline is broken and retested- i’m still bearish. We’ll know more in 5 days.

Cripptopotamus

I mean who knows! All I do know is this indicator has not come on since 2018- where it came on 2 days before the top in that cycle. I exited all my positions just in case! Today may be the 2nd day in my history of shorting btc.

Cripptopotamus

This GRT/ GPB trendline I'm confident is about to break to the upside. A descending triangle is often interpreted as a bearish pattern, however in this instance I believe its a reversal based on a strong horizontal support line about 3-4 weeks old. I often trade this type of pattern- and this looks like a classic. GRT when it goes- goes like a whippet.

Cripptopotamus

I’m regularly looking at a break through to this descending trend line on the 2Hr ~Grt/ GPB or us . Descending triangle patterns often signify a bearish outlook however in this instance I present the notion of a reversal. A fairly strong historic support horizontaly from this area supports this idea. If btc ranges slightly- GRT will be off like a whippet.

Cripptopotamus

My last analysis I proposed a bullish breakout through a bearish trend line on the 2HR Btc/USD. My notion is the continuation of upwards momentum in this fresh channel.

Cripptopotamus

I’m proposing this notion of a descending triangle on the 2HR chart- clear support I believe will resolve to a bullish breakout