Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
I mean who knows! All I do know is this indicator has not come on since 2018- where it came on 2 days before the top in that cycle. I exited all my positions just in case! Today may be the 2nd day in my history of shorting btc.
This GRT/ GPB trendline I'm confident is about to break to the upside. A descending triangle is often interpreted as a bearish pattern, however in this instance I believe its a reversal based on a strong horizontal support line about 3-4 weeks old. I often trade this type of pattern- and this looks like a classic. GRT when it goes- goes like a whippet.
I’m regularly looking at a break through to this descending trend line on the 2Hr ~Grt/ GPB or us . Descending triangle patterns often signify a bearish outlook however in this instance I present the notion of a reversal. A fairly strong historic support horizontaly from this area supports this idea. If btc ranges slightly- GRT will be off like a whippet.
My last analysis I proposed a bullish breakout through a bearish trend line on the 2HR Btc/USD. My notion is the continuation of upwards momentum in this fresh channel.
I’m proposing this notion of a descending triangle on the 2HR chart- clear support I believe will resolve to a bullish breakout