even though this push is relatively large compared to what we've seen in the last months, we are still in the triangle. i suspect the triangle will hold and bitcoin will visit the support line again. The outbreak will probably not happen until late may.
there seems to be forming a support right now on the smaller timeframe. This would make sense since we are at the lower side of the arc in the gann chart. Hop in all!!
gann chart of bitcoin with the startingpoint at 2012
apparently, the gann chart proved succesfull on the xbteur chart before. In this chart, the arcs also match quite nice with the dumps and pumps. Right now, we are still in the ressistance arc. As soon as we pass 3000 euro, the changes to return to this ressistance will be quite small and a supermoon to 6500 euro would become reality. On the other hand. since we...
my previous chart was about bullness of bitcoin on 1hr tf candles. this chart is more for the next few weeks. nobody can predict the future trend of bitcoin, but this chart definitely makes it look bearish. there are two options in my opinion. or, we follow the descending triangle which could launch us back into the ressistance sphere which we would then break...
looks like bitcoin is forming a descending wedge. get your buy orders ready! lets hope we stay above 1900:)
since my previous chart only had monthly updated candles i made a new one on weekly tf candles
so far, all the first green candles after a big dump after a big pump have closed with a large doji on tip, i think we are now at (or at least close to) the top of our doji and we will probably drop this weekend to 800 euro-ish. im not really short, i only closed my longs
this might be a possible outbreak for dogecoin. We haven't broken out of the larger trend on momentum yet, just the smaller one. This could mean that we could see a short peak before it slowly dies out again. it also hasn't reached the bottom of the channel yet. we still have two days to go before the weekly candle closes and it might be an interesting gamble.
before you read the rest, i should mention that i am not experienced with the square of nine at all. It looks like monero just exited the fourth arc. this could mean that it begins a new bull trend from here. this could be happening as soon as bitcoin begins a big correction. if i am doing things totally wrong here, please correct me;)
it looks like bitshares is gaining some height. an outbreak is confirmed when it reaches around 550. The outbreak could still be rejected at this point
ether entered the bearish channel again this week. it looks like it wil continue to dump. next big resistance will be around 90. it is also worth to mention that there is a 1000 bc buywall at 87. this might mean that we could go sideways for a while
ether found big resistance on 105. support is slowly dicreasing and the triangle will probably break down within a few days. next resistance is 98 which will probably hold for a few days. there will probably be a bounce here.
monero finaly broke down the triangle it is aproaching a some support that don't look strong enough. monero will probably dump much much further
it looks like ether doesnt have enough support to break out and it will stick to the bearish trend. time to short
it looks like ether is going to break trough the trend and will continue this ultra bullish trend