Some hopium is much needed at this hour.
Here's a silly "what if" fractal for August '17 scaled to match the heavy triple top seen on BTCUSD over the past few months.
Not serious -- don't take this serious.
Long overdue retest of the 0.1 level upcoming over the next few months IMO, however expecting lots of chop between then.
I first drew the parabolic support channel back in mid-march (see linked idea), and it held as HTF support on the recent lows. For this chart, the upper channel has been added, but the lower channel is the same as the linked idea .
I think...
I don't short crypto against fiat as a general rule (outside of hedging), but doge is looking pretty tired. Posting this for accountability and learning. Interested to see how this plays out or if the moonbois and tiktok investors can push it to $1 (or $0.9899 realistically).
I expect the base formed around a quarter will hold for a bit, but probably eventually...
Playing with some curves.. not calling short or long (bias short, low time frame, based on HS patter). Lets see how it plays out & if the trend can hold or re-establish on a less-steep curve.
Thoughts? Pretty clear ascending triangle pattern from the last major bull-run, if this rise pushes ETH to ATH levels, followed by a correction to the black support line, I suspect this pattern may be worth some consideration. For now its just a little theory of mine. We shall see.
