Variation of my last btc chart, with added sub parallel channels within the potential top channel from previous charts, and new projected top number around 81500, if it doesn't continue to keep selling off from here.... just guessing tho
If you're into BTC/crypto please take your time to watch this chart, I believe this chart can be a big help investing into crypto using these past statistics as a reference to "read" where price could go into the future. Let me know if You have any questions. I'm posting this as journal and learning purposes. Not financial advice.
Its seems it broke out of my intraday channel and its ready to rise up!
Litecoin has done this in the past and it is very likely that this is how it will move once again. There is a bearish divergence forming on a bigger time frame and that's why I expect a price reaction at 353 and 368 if the bullish scenario plays out.
this will drop. long term it will drop. phase 2 will ensure this. I would buy as low as possible. to risky to buy during a pandemic. Until there is a Vaccine i will short on price rise. Thanks mates and enjoy and like and feel free to leave a comment.
After pull back to 50SMA may bounce up if it holds above
Experimenting with a new format. "The Blueprint" Volume is drying up We have fallen below the 21 EMA and it appears to be acting as resistance. Failing to hold the 50 would see us drop to the 100 which lines up with 0.618 fib retracement, where I expect to see a bounce. If not; down to the 200 which should line up with the 0.786-0.833 money box, I expect...
Price not only broke above the downsloping U-MLH, but also above the Centerline of the Pullback-Fork. There seems to be a good support now, that brings confidents into this crypto pair and therefore price has a high probability to rise toward the U-MLH. In my Free ForkTrading BLUEPRINT you can start to learn this method if you like. Happy Christmas & P!