The 2018 BTC Bear Market is littered with these Meme triangles. Despite many CT accounts suggesting they're bullish formations, 75% of them are 'Continuation patterns' See well known educational websites.
The current Triangle we're trading in is arguably a 'Descending Triangle' which is bearish.
Previous formations in this bear market have resolved with a...
BTC: A Macro View in the search for Trend Reversal. Using some Fractals, Trendlines, MAs, RSI, Stormgewehr Divergences and a little @officialmcafee & Hopium!
This is not yet another BTC to $1m post, however, it's easy to see why people believe BTC may eventually reach ~$1m - As per the Key, the white line is the 'McAfee / Hopium' Line. There is as much chance...
This chart shows the Bitcoin trend on Bitstamp from 2013 through 2017 in Log scale using Fibonacci Channels.
The price points for the channels are 2013 low, 2013 High and a 2017 low point that creates the bottom of the 0 - 0.236 channel.
These channels show clear support and resistance as the price moves between channels throughout the 4 years of trading data...
XLM continues it's retracement after the mild leg 5 pump. Volume was just not there to get it to the same heights as leg 3. Mainly due to BTC bullrun. The tables will turn soon enough. Possible bounce area in the red box, targets in the green box. Let's see how it plays out. #DYOR
Looking like BLK has been retracing along the A leg of ABC. Forming a nice looking symmetrical triangle and gaining some support on the lower trendline.
If that bounces successfully in to B Leg, hopefully continue down the C and then a possible breakout and bounce areas. LONG way to go!!
First chart! Here we go...
$MTL continuing on it's recent upward trend in leg 2 in the wider channel.
In a closer TF on it's 5th leg with a first target before ABC correction is 0.00280000. ABC correction on this TF completes leg 2, looking to buy back in at 0.00250000 with a close of leg 3 target at 0.00350000.