3 Drive Pattern - Bullish Wedge
The chart says everything.
I'm looking for a breakout to the upside very soon - today or tomorrow it must happen. there is a very big support over 3500$-3600$ area.
this is very bullish pattern and i think all the china panic issue has just put BTC to the sideways after the big crash.
something interesting that i'v found: in the whole history bitcoin has been through many crashes, and it's all 38-40%.
Remember the crash from 2980$ to the lowest point of 1830$ ? it's around 40%. and this time from 4980$ to 2972$ ? perfect - 40%
Bitcoin is just correcting, that's the way it is. doesn't matter if china caused it or not - BTC was MUST to make this correction sooner or later and it's a good thing!
It's just one step forward to 5000$ and when it breaks we'll see 7000$ in no time :)
Let me know your thoughts and leave a comment.
Example of a bullish falling wedge:
bpcdn.co/images/2016/05/grade7-falling-wedge-reversal-after2.png
I'm looking for a breakout to the upside very soon - today or tomorrow it must happen. there is a very big support over 3500$-3600$ area.
this is very bullish pattern and i think all the china panic issue has just put BTC to the sideways after the big crash.
something interesting that i'v found: in the whole history bitcoin has been through many crashes, and it's all 38-40%.
Remember the crash from 2980$ to the lowest point of 1830$ ? it's around 40%. and this time from 4980$ to 2972$ ? perfect - 40%
Bitcoin is just correcting, that's the way it is. doesn't matter if china caused it or not - BTC was MUST to make this correction sooner or later and it's a good thing!
It's just one step forward to 5000$ and when it breaks we'll see 7000$ in no time :)
Let me know your thoughts and leave a comment.
Example of a bullish falling wedge:
bpcdn.co/images/2016/05/grade7-falling-wedge-reversal-after2.png
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.