If this doesn't break north, please disregard all of my ideas.
Just another repeat pattern. 50% FIB retrace holding up nicely.
Squeeze momentum turning over on daily. Long position open 50 contracts
Squeeze fired off south on the daily. Total market cap heading to 2yr support at 220B. Btc support around 7200
Received sell signal 6am in the form of trend continuation anchor tf trend change conformation support break thru and squeeze momentum fire all on the daily and 4 hour charts. Long term trend in overall Market is: 2 yr trend change bullish market. Recent news has catapulted a squeeze fire to the down side. Enter take 50% profit of ttm trend hourly turn around....
Tesla wil fall from here. Look at the divergence. Reduced volume. TIGHT market stop. Exit after first hourly close above previous low
Looking like we may still be in long term consolidation
Looking forward to seeing how this one plays out. Major long term down trend followed by ascending wedge...not looking good for btc even in this Q1 bull market: From investopedia, "Conclusion Rising wedges have a relatively low risk/high reward ratio and, as a result, they are a favorite among professional technical traders. But there are many false patterns or...
I believe this new BTC is going to break strong to the north and continue to make new highs in blue sky breakout fashion shortly. Buy in this consolidation party before the next break. My BSV and DASH ideas are dependent on BTC closing above 9625 on the daily at bitfinex.
Break out imminent as cash is pouring back into crpyto Q1 2020! Will we see $1000 dash again this year? its not too late to join the party as I believe this next breakout will be the most prominent of the current 2020 uptrend