Just a quick chart -- setting some orders down there, target 6.7-6.8ish like everyone else lol currently hedged short.
Continuation is more likely than reversal, and as you can see we've had a pretty bearish ride to this point. We dumped for ~3 weeks, and now is the time to complete this triangle. We had a bearish TK cross roughly 84 days ago on the weekly chart, and tomorrow we will officially be under the weekly ichimoku cloud. Ever since our fall from ~20k we've continued to...
We've seen this set up on different scales, but the pattern is the same and the volume gives it away. We've been consolidating in this trading range for almost a week, making higher lows, with declining volume. Bears just haven't been able to change the trend. We seem to be closing in on a big move, the TTM oscilator is showing low volatility and we are resting...
It's been a common pattern that BTC only truly starts to correct when there is FUD to come along with it. Typically that FUD comes on Mondays. Currently we appear to be in an ascending triangle going sideways, fighting to keep above 8800 level. The best dumps come after buying climaxes with sideways movement / an attempt to break high. Lot of people call it the...