lonestar338

lonestar338

Simple. Falling wedge breakout and break up of 12 year old S/R line. Chart tends to move impulsively to the upside upon breaking up the 1.04 horizontal level as done in 2008 and late 2015. Target of 1.85 derived from falling wedge pattern

lonestar338

BTC chart touching on the ascending trendline and .236 fib retracment level. This support will most likely will act as the bullish wave 2 in the bearish impulse wave structure.

lonestar338

Whales, high volume traders and bots have a vested interest in keeping the charts flat to play off the volatility. Lots of money being made in this market by professionals who know how to trade it. Panic buying and selling is putting money right in their hands. Use logic, not emotions in this market and try to think of what the big players are trying to achieve.

lonestar338

Great tech but will be dragged down until BTC bounces at 6k then down again until BTC finds final support most likely at around 5k.

lonestar338

let me know what ya'll think about it.

lonestar338

Large scale descending triangle formation, although we can see a trend of higher lows being established recently. I can see a retest of 1300 satoshi mark before a potential upside breakout if BTC recovers and overall bull market reestablished. Appreciate feedback and discussion :)