Bitcoin and Gold seem to have a correlating pattern right now, they have both formed a Bullish Pennant. A break out of this pattern will signify more upside for both. It is going to be very interesting to see how this plays out!
This analysis brings to center stage Bitcoin and the asset mostly linked with, Gold. On this chart, Bitcoin (the digital Gold) shows a quite similar behavioral pattern with Gold's bottom period of the 80s/ 90s bear cycle. What stands out is this identical +33.50% bounce on Gold and the subsequent Double Top followed by a slow decline before the major lift off....
SELL MAX LOT SL 1321.25 TG ON CHART FOR MORE PM ME....... MAKE MONEY IN TONS
This is a common comparison of the original store of value: Gold, to the digital store of value: Bitcoin. Their consolidation periods after their all time highs display common wave patterns and a similar behavior that resulted into successive lows. Bitcoin has very recently made its first new low and is now accumulating positions (Triangle) for the next. If...
Hi guys, There is an across the board alt coin appreciation and among the many coins which benefited, one is IOT. Yesterday, it broke above resistance trend line and closed above resistance at $0.50. With a stochastics buy signal and above average volumes, IOT bulls should find this formation as a perfect opportunity to go long and aim $0.65-$0.70. We wait to see...
Hello. Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted. Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too . So according to channel it`s possible to...
Good day time! Simple doesnt mean bad, yep?:) I was partly right about trading near 4700. Check it in previous idea. I see the following outcomes: three lines from the existing chart displays possible movement from now. Considering the consolidation of 4700 i believe we will bounce to one of this prices with the next reasons: 1. 4900-4940 because this is the...