Chart fits a rocket. Maybe its an omen of things to come? Happy trading.
As the title says Random channel with curves. Might as well go long.
BB are compressing again. Price is falling out the channel below the moving average in BB. When BB compress its "time to pay attention" as Mr. Bollinger said himself. Watch the volume bars. Big green candle that reaches out of the Volume MA signals to me "Buyers beware". All in all, bitcoin about to fall of a cliff? Or is it all a lie?
Made 2 previous charts predicing a parabolic move. Maybe 3rd time is the charm. good night everyone. wanna wake up tomorrow to profits. :) cya
The big move is not in yet when you look at volume
Another parabolic move up possibly incomming
Another parabolic leg up possibly incomming due to the high placement of support inside the triangle.
We are at the top of the red channel and in the middle of the green channel. Its ok to enter a short position here considering price just made big strides up and may correct.
I tried these setups with channels before. See imgur.com where if price gets below both red and green channel there is some doom happening.
I will not recommend getting into a position here. But if i was in a long i would not be selling yet. My prediction is there will be consolidation around this level and then bitcoin will break out of the red channel.
I would not reccomend getting into a position here but if you have a long its not time to sell. Notice the pattern how the price has moved in careful steps. 4-5 green bars, then 2 red, then 4-5 green more, then 2 red. We are at that point now, where it might continue with more green bars further up.
Using angles i tried to make a triangle and pinpoint the D spot.
Bitcoin may leave green channel briefly along the way. Maybe we will bust sooner, maybe we will break sooner. But not later than 2½ days, just because.
I will be accumulating sub 400 XBTEUR in preparation for the breakout
I put some comments in the chart to explain the idea
We are at the 50% retracement line. We are near the bottom of the wedge and we are near the end. I think all in all things are gonna go up from here and it will break the upper boundry and shoot up.