UnknownUnicorn373805

UnknownUnicorn373805

Gonna take a gamble here and try and get this short filled

UnknownUnicorn373805

I spent most afternoon looking at charts. Everything was bearish until the truth suddenly revealed itself.

UnknownUnicorn373805

hi, there are some bulls in bitcoin right now and they have alot of determination. they have been trying for a while to shoot for the moon and the runs are getting stronger and stronger. take a look at the big run inside the red channel. there was no-one to stop them until they got pretty high up. then price retraced about 50% and they start running for it again....

UnknownUnicorn373805 Updated 

ETH used up most of its upside potential?

UnknownUnicorn373805 Updated 

I think this triangle will break. When they look like this, ie. the upper line is almost flat, it usually doesent break up. But with the media attention Bitcoin has been getting, i think it will break, and that will start a significant bullrun after. Copied the bars from run on the left to get an idea.

UnknownUnicorn373805 Updated 

There is enough space left near the end of the wedge for the price to move up and break out. There is also significant room left to the top. Going long could turn out to be a good trade, which is why traders will begin going long even if it remotely starts going up, basically making the break out up a self fulfilling prophecy. Basically price going up from here is...

UnknownUnicorn373805 Updated 

I think we recently witnessed a price increase that was too agressive, possible fuled by the steam news. Now we are possibly witnessing a price decrease that is too agressive. Possibly fueled by the Satoshi fud, and the Russia banning bitcoin rumor. Eventually for example in two days i wouldnt be surprised to see us back the green channel.

UnknownUnicorn373805 Updated 

I see the Price comming to and end of this triangle. And its heading up. It may break through to form a double top. I think it will be a good ending to this rally within the downtrend.

UnknownUnicorn373805

Possible cup and handle v2

UnknownUnicorn373805

Bitcoin cup and handle

UnknownUnicorn373805

It seems when candles show no clear direction in movement, price will eventually resume the direction it was headed. I drew a random trendline from the bottom closest to the current consolidation, and drew it through the middle of the consolidation. If price action starts next month (May 2016) it may go as high as $525 and i think that could be a conservative estimate.

UnknownUnicorn373805 Updated 

BTC Ready for take off?

UnknownUnicorn373805

Ìs BTC being dumped?

UnknownUnicorn373805

Its racing out of the channel, consistently getting lows closer relative to the top of the channel. If/when it breaks out, i think the leg up will be significant.

UnknownUnicorn373805

The chart more or less speaks for itself. We are still not far enough from a major resistance level for any serious bull to consider going long. Further more BTCUSD is up, and ETHBTC has competition from LTCBTC now when it comes to trading.

UnknownUnicorn373805

Just waiting to see.

UnknownUnicorn373805

This is a premature triangle. D) Is based on a wick near the B and the green candles near C. But lets see how it plays out.

UnknownUnicorn373805

i think this could happen.