Here is one for the IHS case everyone seems to be expecting. We had a very similar pattern in july 2018. Indicators and oscillators exhibiting same arrangements.
One thing to note is that in both 2014 and 2018 bear markets, BTC has always reached the top of the downtrend cloud once breached. In this case, that would mean an eventual move to 4800 area.
Of course, Badger is full of surprise, and there is a first time for everything.
One thing to note is that in both 2014 and 2018 bear markets, BTC has always reached the top of the downtrend cloud once breached. In this case, that would mean an eventual move to 4800 area.
Of course, Badger is full of surprise, and there is a first time for everything.
Not
The flat handle extension makes it less likely for the pattern to repeat. However, there is still a probability. A drop to 3450~3500 zone would make BTC fall at the level of the first shoulder and still be ok. Of course, a drop below the head would invalidate the pattern.
Trader, chartist and author of Bulltardia, the Bitcoin Comics. Early adopter. Your tips and praises will motivate me to make even better charts! BTC jar: 1LrB5EiknjDYjGRofrAQ1ziWMdRfegoLtd
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Trader, chartist and author of Bulltardia, the Bitcoin Comics. Early adopter. Your tips and praises will motivate me to make even better charts! BTC jar: 1LrB5EiknjDYjGRofrAQ1ziWMdRfegoLtd
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.