See the green price bubbles for entry points. Hope I am wrong..
Inverted head and sholders in the making. Hope am wrong but..
Hello All, although i have started wearing a BTC bulls hat for a while, I am not sure the BTC correction is complete yet. basically the yellow wedge represents a bearish rising wedge which btc has fallen out of. I recon it will fall further before its next push towards +25k. I have drwan 2 versions of what could possibly happen. Hope you enjoy and would love some...
Here is what i think ETH / BTC will do.
Prices shown in EUR (as thats what i use) My personal opinion is that BTC will break through the 10K USD barrier and move towards +11K before correcting, we have seen smaller corrections and a logarithmic trend developing... I think it will correct with a smaller % than the last drop and then continue to rise ruther next year and on wards.. correct and repeat.
My thoughts on BTC retrace. Buy orders in at 4200 eur and 3800 eur.
here is whats happening... lets see if she can break through those triangles and rise.
I've been in ETH since March 2017 and have traded it as best possible to my skillset. Only when it touched 325 eur the second peak did i realise it was forming a huge triangle and that its master plan was reveild. I planned for the drop and waited. I set up the first BIG triangle. I closely followed BTC, BTC dropped and withit brought ETH down touching down...
Its crazy i know, but there are tangents and paths to great heights which coincide with Ripples Swell conference. For more info on the swell conference click here ripple.com
Trend lines, resistance lines and potential moves.
An update for friends as a reference. We still haven't got out of the bear trend just yet, but getting there. BTC hasn't hit its low quite yet but there is a serious battle going on.
My idea of where btc is heading short term then up over the next month or so.
based on the LONG term bottoms and their support lines this graph shows where everything meets, indicating that BTC's drop isn;t over yet and we may see prices below ~1200 euro still before it moons.
This is my analysis of BTC/EUR those line and price point depect the potential bottoms of this marketcap drop.
Its getting ready. However it may drop to the bottom purple line (from its previous upwards tangent) before making its move, or it will exit to the top of its triangle soon.
She's getting crunched into her triangle and is moving towwards the top end of it at which point she will break out.