Possible bearish divergence on the weekly chart. Weekly RSI Trendline also broke down This could break up and blow the current line I drew out though. Which I'm hoping it does
Seeing if we get our last leg up here and if the percentage trends continue to follow. The bottoms of the 1st and 3rd ones were support levels of when they broke out of down trends at those times.
Just a comparison of ascending wedges in DJI and the tops of BTC runs. Not saying we are at the top of this run... but just something to look at as a possible sign if broken.
Bitcoin appearing to make a bullish flag right now... Just comparing a previous similar pattern showing it doesn't always break up though. Something to watch
Possible recreation of pattern during the run up earlier in the year?
Overall I think we are still bullish, still working off higher lows, but, with the breakdown of the 9 day bullish trend today I'd figure I'd look for a possible similar patterns and see where it dropped to. Wouldn't trade off this, just meant to show outcome of past similar pattern and see how it follows.
descending wedge, short til height of top of 4 wave
Wolfe wave pattern: buy after wave 5 breaks up bottom trendline....
Ascending wedge of this run up. Watching for breaks and retest of ranges. GL!
Path to 1 million dollar BTC in 2029 looking at past halvinging patterns
Long Term Halving Pattern Comparison
Possible pattern comparing against previous drop with the Total Cap. Fake break out right now and retest previous resistance. Dropping about the same percentage.
Possible that the pandemic just delayed the outcome of pattern playing out? Here is an idea that 2 cycles have played out and 3rd is just about to start.
Every time it has come down and touched the 50ma it bounced and went down to the 200ma. (hasn't touched the 50ma at the time of making of this though)
Comparison of Top in 2018 vs Today. Divergence in direction possibly mean long bear market approaching? Maybe, maybe not. Something interesting to think about. GL