The parallel channel we are in now, is parallel to the one we were in prior to the bull run in 2017. If the behavior repeats, this is what it might look like.
See notes on chart, two confirmed double tops, one that started the March crash, and another confirmed today, could lead to a much worse crash than seen in March. Hope I'm wrong! Related past ideas linked below.
Confirmed above the middle of either W shape (double bottoms forming on the short and long term charts) displayed above, with projected targets upon confirmation, stretch targets if the larger double bottom plays out. Edit/Correction to chart: TP1 should be at the top of the solid small W instead of what's shown on the chart (approx 350 sats). That area on the...
Just a quick thought - doubt this happens, but would be amazing if it did, and lead yet another bull run for BTC. LTC and Paypal did a thing recently.
An update on my previous idea, roughly where I think we're headed and when to buy back in (long-term). Obviously, still plenty of opportunities to make nice trades between now and then. Edit: forgot to update the fibs, here: See previous idea linked below, and old chart image here:
YFII changed direction last time we visited this area, but we are back. A successful hold above this level indicates positive upside, and there is potential for a double bottom here. A prolonged move below the horizontal line suggests we are still in a downtrend. Keep an eye on this.
HBAR is nearing the bottom of the channel on this downtrend. It may continue down for a bit to around 225 sats or slightly lower/higher, and then we should see some bullish movement, at least back to the mid-point of the channel. I expect this thing to turn around, but a break below the channel here invalidates the idea and confirms further downside.
Tread & trade carefully, BTC volatility is up. This is good for short term trading, until it breaks out of this channel in either direction. Easy short term trading ranges - buy at stopping points near the bottom of the channel, sell at stopping points near the top. Long-term, the big question is do we continue to follow SP500 or do we finally become a hedge...
Curve's massive downtrend is rapidly slowing as it bottoms out, and buyers are starting to trickle back in. A nice uptick overnight/this morning, so far > ~20%. I believe curve will actually live up to its namesake and start to curve back into an uptrend relatively soon. Keep an eye on this one.
Potential double top forming now, confirmation could lead to further downside, and if that downside reaches the March bottom, we confirm another double top on the larger time-frames, leading to a much more prolonged and pronounced crash than seen back in March this year.
If we stay within this channel there's a decent chance for gains up to ~67%
We've had a recent shift in movement in HBAR, chart suggests we'll reach somewhere just below 450. Note - I actually expected this to go back to bottom again before moving up, which is still certainly possible, but if we break above this channel, the monthly does look like a giant bull flag and this thing could really see some movement. We've had quite a few...
Relatively new coin on Binance, not much history to go on. Marketcap is at 7.2 mln USD, volume has been super low - less than a million per day, ~198 million coins in circulation. Seems like this has a lot of room to grow, let's see if it happens, a little volume could go a long way and very quickly.
Below 26 = further downside, feel like it’s going much further down soon. Sorry for the quick post with no drawings. Did this from my phone - pattern is very clear
Looking back at Curve over time, we formed a downtrend within this parallel channel, and have yet to have exited the channel. We are approaching the bottom of the channel once again, and above is just an idea for what I think it may do moving forward over the next few days/weeks. CRV likes to make inverted head and shoulders, followed by volatile moves up...
Just an observation, BTC has done this over and over before, will it be different this time?
Attempting now to break out of triangle after reaching new lows, needs to break and stay above purple line, otherwise may test bottom of triangle again. A clear break above should take us to 22, 25, 28 or higher, see fibs and parallel fibs for targets. Break below yellow line may send us down to 15s or lower