If we break the bottom support of the wedge, then a move down to $7500ish is in play and if we stay in the wedge I see a continuation of the pattern bouncing off resistance. Then a break out in October would be possible
If BTC sharply dives towards 7-8K then spikes back up it could look like this.
Lets get up there
This is a very Bearish one that I hop won't occur and we actually brake out of this and head back up towards $12500
This may happen if we see strong positive buying for the remainder of the month. If we do crack $9,600 is believe $8,000 may be what is next i we go lower
Looking for a move to $8200 if we go up and down towards $7800 if be consolidate more.
Lets see if we can make the move towards $12,500
An optimistic take for the year if BTC really gets Institutional money pumping in for the year once BAKKT is launched Jan 24.
NULS has ben on the rise for the past 2 months and is approaching all time highs crossed with BTC
This was developed from copying the same bar pattern between the years 2014 to 2017. With 2018 becoming an ever more bear market after the pop of the massive bull run in 2017 I believe we will see the same movement occur upwards to 25K, 50K and then 100K maybe some time in 2020. The numbers are nice for everyone to shoot for and this could go even higher than...
The past few hours we've seen a breakout from "level 1 Support" trending towards $10,000.00. The Bearish scenario implies that the good news that has been made in the past 24 hours will have no lasting effect to influence buying and the pattern will continue to downtrend. The Bullish scenario we will see strong buying passing $10,000.00 and the price reaching...