A big up or down day such as today can easily invalidate a chart. Zooming into the most recent recent part of the chart I've been documenting, we see the peak price of the day exactly kissed the range high trend line and was soundly rejected. BTC remains within the range predicted by the chart. The slope of downtrend line predicts this is the last day we visit a...
Yesterday's chart share took a very long macro look. Zooming in we see confirmation of the same predicted price action on intermediate time frame within a descending triangle. The weekly and yesterday's pump, although giving us 9 straight up days, changed nothing to the technical outlook. The price perfectly kissed the upper trendline of the descending triangle...
After years long uptrend, Bitcoin appears to be consolidating into systematical triangle, coming to an apex the final weeks of 2021. Not yet having tested lower half of forming triangle, and currently touching upper limit, is a correction to lower half of symmetric triangle eminent?
