This is a symmetrical triangle, could break either way, with a higher probability of breaking down and retesting the lower support
Maybe. I'd like to see it test high 4k's though
The downtrend shown in many cryptocurrencies (used Dash here as in example, as it is a popular altcoin) appears to be a LOGARITHMIC one rather than linear. Drawing a triangle over this downtrend does not apply. As you can see, the logarithmic curve is flattening indicating a possible bottom process. In addition, this is how the 2014-2015 bear market treated this...
With bullish divergence forming on the 3-day RSI, Litecoin looks to have a pretty bullish setup. I'm watching for a close ABOVE or BELOW the order block shown on the chart. As of now, we are above the 50% level which is a good sign.
(mostly) a joke - to quench your hopium thirst. The latest moves have closely resembled the moves before our last big squeeze.
Is doge an indicator for the rest of the altcoin market? Let's look to the past to see how the market cycle could look in the future, if the pattern continues. Maybe an "alt season" is closer than we think.
Hopefully it doesn't come to this. Better to be prepared
Patterns repeat themselves everywhere. For fun I decided to mirror the image of the "eve" bottom around april before the big squeeze (BGD, Jesus Candle, etc.) and show what it might look like if we chop around where we currently are.
I know there are so many of these that it's hilarious. And I agree, the space is much different now than 2014. We cannot deny the similarities in the crash patterns though. This is more for fun and I'll be keeping track of this.
Taking a fractal of the previous downtrends and assuming this is going to continue down like the previous three moves up did, here is a possible outlook on where the bottom could be.
Here is what that could look like. I like to keep my options open rather than leaning one way. Obviously, this is the optimistic outlook. I do believe it is possible that we will continue higher, given all the great news (ICE) as well as speculation on an ETF over the next few days and weeks, even with the sudden change to a drastic bearish sentiment.
this idea is so immense that only the most intellectual and finicially stable individiuals could even harness the power OF the BARTTTTTTT