As we can see it is forming a Simmetrical Triangle, that of course may change, but is really likely to follow the pattern, if so, we have 90% chanches that the previous trend will continue.
Every day i come along tons of BS written by some pretty popular members of TV community, i'm pretty sure they don't trade nor they invest in any possible way, because what they say make no F sense what so ever and would generate losses, not profits.
Here i'll try to show a more technical point of view, based on the idea of Maximizing Profits:
What we can tell...
Not very well defined but we can see a Potential Head and Shoulder getting on, if so, in case of accomplishment, we will have a drop to 6400, if fails, we will have an increase of 21% on top of right shoulder, so it will reach the 9950 resistance.
No exit signals yet, if actual BUY signal stay till close of today candle, 80% chance of rise, if it will vanish, than most probable to collapse till 6850, and reallign with main trend
As you may notice bitcoin is following some cyclical rules and the entry signal just appeared couple of days ago and this means that: will lose maximum 12% (red line) and than rise again to an average +15-20% from the starting price (two days ago price), regarding the time frame is bit more difficult to guess but normally is an average 30 days from now.
Still the...
