Wyckoff accumulation phase repeating. Currently at St in B
If there's a third impulse to the upside this is how I imagine it could turn out.
Using a tight Trailing-SL on this in case of bull trap.
We're in a falling wedge, while bitcoin is looking for support. Looks bullish to me.
A bounce around this level would give us the fourth touch of the triangle, and thus confirm it. Breaking upwards: Long Breaking downward: Wait for better entry
We broke out of the triangle. Currently stagnating a bit. Flag breakout confirms triangle breakout.
We have seen some resistance while running for the adventure Line. I imagine those are sells from hodlers from the previous season finally being able to break even. I don't blame them, maybe they want to get into some other coins this season. Anyway, Litecoin is set for new heights. Inverse Vix has shown a buy signal. Just hodl on, don't add to the sells. Make...
Kinda hungry for potato wedges now. Maybe I'll buy some with the profit.
Waiting to long from the green area. Currently in a rising wedge, drawing some sort of H&S. Breaking down = Confirming H&S Breaking up = Invalidated H&S, one last leg up in wedge
Wedges and Fib Channels have shown themselves to be some of the more useful charting tools this season. The modified channel levels are the Just-Intonation-approximated quarter, half, and three-quarter levels, as well as 2 extension levels. If the meta stays like this for the time being, I see us having a possibility of a third wave upward in the long term...
If we continue the wave pattern, then this is how I see it happening.
I see a beautiful opportunity for a mini-long during the breakout. Depending on how the price stabilizes afterwards, this might be a good long term entry.
ETH is experiencing peculiar price action at the moment. We can see how there are repeated pushes for the ATH, followed by selloffs. No position.