Composite operators / Market Makers have beat this the fuck up. Imagine a Savings account outperforming a company that generates BILLIONS. No need to imagine it, just look at this IPO
Here is some Technical Analysis that even Ham the Astro Chimp would understand. In fact, I am writing this explicitly to him. Yo ham, Check this shit out. You think this chart is about to flip bearish AF and live up to it's namesake? Or is this the proverbial DIP? Stay lifted, **** So anyway, either the history of price action above becomes resistance...
I hadn't realized in my last idea the Chart had been shifted somehow someway ( the back and forth between time and log scale maybe? ). My sentiment remains the same and here are the fixed visuals. I'll rethink my Bullish bias if 20$ somehow flips into resistance and / or Market Bulls capitulate.
Price action continues to be pinned down after the dividend pump to all time highs of $43. After being rejected by the .618 of the swing low 17.50 to new ATH 43.00, we are trading between both .786's Price action looks to test both previous downward sloping supply lines which happen to also align between the .886's. If this area does in fact serve as support and...
When a falling wedge pattern is found in a downward trend it is considered a reversal pattern. Bullish divergence occurs when prices fall lower as oscillators fail to reach a newer lows. Volume is decreasing and price is falling, this could be interpreted as bullish. But seriously, who knows what the market makers want to do. Have we even hit the ...
Ok, Maybe you have been waiting for BCH to gain in it's % against BTC which has happened in the past 24 hours. Now though, RSI is super high on the 4 Hour but I wouldn't be surprised if we trended to closer to 1000USD. My dumb money is out for now and waiting for a retracement to Re-Accumulate
Here's some nice targets, which has previous support and resistance channels - happy trading.
So, im going out on a limb here and making some assumptions (For Science and Fun) Historic price action / trends of BTC : lets Say BTC Favors 2 Weeks of Bullish action followed by 7 Days of Bearish consolidation. This Is one highly Hypothetical Scenario.
This chart inside the 1-3 minute timeframe is a Beautiful Fractal of the TRX/ETH BInance All-time chart. Looking like a Break out of 0.11 USD coming (at lease for a bit short term), Bulls will need to show up if we want to push upwards and develop an equilibrium @ 0.15 USD. These are just short term price action predictions, play your positions wisely.