- See the BB band squeeze before the massive price increase? It is happening again. - By the way, I think it will break $20K before the time it did in tha lst cycyle(1247d)
I HEARD THAT YOU LIKE TRENDS AND LINES SOOO HERE YOU ARE !
Breaking the resistance line. (Thanks to bears who let me bought from 7500, you guys are the best)
Is there a correlation between $LMT & $BTC, or am I just pushing too hard? LMT: Lockheed Martin is a company whose main focus is armory, defence. Its stock price is considered as a "war indicator".
It is a sell signal for me but this is not an investment advice of course
A - Still goes down in a channel, if channe breaks up, new uptrend starts. B - Looks like the main support(which isn't broken any in the life time of bitcoin) still works. C - That looks like it moves in a bullish ascending triangle. D - 0.618 fib level of latest bull run that tops at $14.000 is a good area for trend to turn. Also it seems like there is resistance...
USDTRY BROKE THE RESISTANCE / BULLISH
Lets see if this bullish triangle works out.Curious.
Cup&Handle forming after an Inverse Head&Shoulder. If it completes the handle, target is $9000. Neutral.
Symmetric Triangle - with forming a higher low as cup's base. Cup&Handle Formation - if it closes the handle, target is 7.50. I think it will break up finally. Bullish.
Here is a bold prediction with the previous cycle applied. White line is what happens in log scale if it happens like the last cycle. Green lines are supports. Red ones are the resistances. 3 is the magic number. I expect the price to try for 3 times and break the 14000 resistance as halving approaches. This is just a prediction; it may happen, it may not. We will...
1 resistance is crushed there are 2 to go for bitcoin. I am long.
2 support lines worked well for now. Hope you added some bitcoin below MA200 Zone (I did). Bullish
It is the same pattern every 4 year circle. Nothing to worry about going down a little bit, actually it is healthy for the market. Upwards!
The move in the triangle is getting flatter everyday and the volume inside the triangle is decreasing so it indicates me that the move in the triangle (or price going down)is about to finish with a breakout.Just don't know the direction.(Hopefully upside, but if it goes downside it will be a good time to ACCUMULATE) HODL ON :)
BITCOIN DAILY LOOK | DESCENDING TRIANGLE OR SYMMETRICAL TRIANGLE
After forming a similar form to cup&handle, price goes to nearly 2.618 fib level. After the bubble, it corrects to approximately 1.618 fib level and the other cycle starts. Pay attention on how to halvings are in the handle zone, and all time highs happen after the handle/halving.
TRYUSD (Reverse of USDTRY) Starting from 2014 : There have been 3 similar cycles. All cycles starts with a reverse cup&handle and ends with a sharp fall from the support line that is the bottom of that reverse cup & handle. We are in the 4th cycle now and if it continues like that my prediction is : On January 1st : 1USD = 11 TRY