Bitcoin bounced around for a few months according to similar Fibonacci retracements. Move up may create an ascending triangle, bumping up against overhead resistance at 6k for a while before breaking out and starting the more aggressive phase of bull.
Short-term short, consolidation for a few weeks (repeating pattern), then next leg up.
Repeating pattern. Consolidate down to support, uprising long-term trend and 68% fib retrace before next move up.
Long triangle consolidation/pennant. At apex, presume continuation. Measured moves up for triangles.
Exiting consolidation triangle/pennant. Long targets measured.
This is a cyclical timing framework which depends upon the timing of the reward halving, which halving creates upward price pressure (due to cut in rate of new supply in the face of stable and/or increasing demand). The market knows approximately when the halving will be in the future, and anticipates, begins to price in, with bull market strengthening after...
Repeating pattern of consolidation down to long-term trend line before another move higher! Short over short-term. Long after that.
Intermediate-term bullish divergences building. Reading massive volume spike as a capitulation move... Coming down to solid support. Stop if supports/divergences break. Low risk/reward.
Look back... DASH respects the 4 hr MA. Coming down to test, should bounce, according to pattern. Just an idea. :)
Rising 200 day MA, long term uptrend. Provided support at recent spike-down. Also rising support line (intermediate-long-term) in same region, high 500's. Previous forms have similar "look" Fundamentals: Currencies around world continue to suffer due to currency wars. BTC is global currency, limited circulation, and is high-tech. Adoption and volume continue to...
Approaching upper border of down-trendline, RSI divergence, spikes in sell volume over average
PM bull market is strengthening. Head and shoulders breakout. Cup and handle formation. Short term getting a little too exciting. Probably short to intermediate term pullback.