Just a personal idea of what may be coming. Based off technicals and fundamentals, I believe we need a liquidity dump before trend change.
There are a few things happening here. Firstly notice the head and shoulders structure. The breakout from neckline should take us down a total of 550 pips or so to complete the measured move. That means there could potentially be another 200 pips to the downside. Bullish pattern - Descending wedge It is my personal opinion to go long at 1.14450 with a 50 pip...
I can see a chance of this happening. wouldn't want btc to shoot up over 100k too fast. This is mainly for my own personal reflection over the next few years, should price action repeat itself from 2017/2018. Good luck and stay safe.
Just making a prediction, obviously we would like to see BTC keep going up but time will tell if it plays out like this. Entry short 51500 or better, TP 15k or can hold and TP lower around 9k to see if we get another 83% dip from top. This is mainly for speculative purposes for myself to look back on this summer to see how it's playing out.
What if it was this easy. My dxy analysis supports potential for a bull pop in the early AM on or before 7:30 am CST. (look for signs of a strong bull breakout). BTC may dip lower overnight and then blow off top any day now.
Possible BTC and EUR/USD bull pop on or before 7:30 AM Central Time. In this chart I am experimenting with this potential scalp idea, waiting to see if DXY holds this pattern and breaks out. However, with bearish bats I see A to C should be between 0.382 to .886. For educational purposes, I was wondering if this pattern now invalidated since the A and C value is...
I am not an expert when it comes to crypto. I'm just looking at similarities of past movements and primary trendlines that have been in place since long ago... This is meant as a discussion chart, not financial advise. Feel free to post your charts in the comments and show/tell me why i'm wrong.
Potential for upside targets. Worst case scenario, it comes down to 1.12 to retest weekly fallen wedge top trendline.