Can history Repeat itself??

2 Kas 2018

I saw this when I was playing through BTC charts and i think it worth sharing with you guys.

Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.

if history repeat itself this may be a good sign for potential price reversal to the upside.

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2 Kas 2018

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2 Kas 2018

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BTC All time triangle formation patterns and their breakout

2 Kas 2018

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Another potential form of reversal spotted. Price started forming High lows.

2 Kas 2018

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We could also have accumulation on going as price been trading in a rectangular box that is from 3days chart analysis

2 Kas 2018

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One of my previous post that talk about trendline breakout. Still seems to be very valid.

2 Kas 2018

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More details about the breakout

3 Kas 2018

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Price may go down as medium term charts look bearish may be for a re-test on the major support again.

3 Kas 2018

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Looking at 4hours timeframe it show a clearer picture of a symmetrical triangle forming, which has its base around 6200$ support zone.

Here is my trading plan towards this pattern. Looking to Buy around 6200-6260 area with tight stop loss below the support.

3 Kas 2018

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This is one of my previous post, its channel that showcase all BTC typical reactions. Do have a look.

3 Kas 2018

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This monthly chart shows price is testing strong support as well.

4 Kas 2018

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Another one of my previous post showing possible wave patterns.

4 Kas 2018

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BTC is struggling to make major moves on a short term basis, I expect a drop to at least 61.8% fib level talking on short term basis.

4 Kas 2018

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ETHUSD shown some serious sign of reversal also which complement BTC Bullish view.

4 Kas 2018

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Bitcoin Corrective pattern

4 Kas 2018

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Short term triangle breakout occurred and this look to be forming inverse head and shoulder pattern

4 Kas 2018

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I shared another view on possible BTC breakout outlook.

#BTCUSD

Do share your thougths about it and support my post with your LIKES

Thanks

5 Kas 2018

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7 Kas 2018

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