Bitcoin - The Anatomy Of A Bubble
One good guideline is that a strong trend line should have at least three touching points. Trend lines with more than four touching points are the mega trend lines and you should be always prepared for massive price action. Finding confluent support and resistance zones is important and helps with identifying high probability setups for safe entries.
Descending channel on the following chart seems to be valid and has numerous key intersections on outlined high, low and the middle trends thus projecting long term supply (resistance) and demand (support) levels. Recent break below the median line signals for trend continuation - meaning another steep wave down is incoming.
Previous hyperwave trends illustrate different stages (flat, commencement of incline, rapid growth, parabolic blow off until cessation of the whole uptrend). Levelling up to the next stage - price was gaining more velocity and the magnitude of waves continuously escalated until reaching the point of total halt in the rise - happens when the uptrend structure in the stage fails. These consecutive trend projections are very important levels to watch and will likely have an impact on the price in the future.
According to VPVR - the next key range of interest is 2200 - 2845 - this signifies that there was a lot of interest (volume released) in the market in that price range which means it will most likely act as support if the price goes there in the future - this confluences with one of the prior uptrend projections from the hyperwave. ATM high probability set up for buying seems to be around 2500. I believe capitulation will take place rather sooner than later (end of 2018 - Q2 of 2019).
Descending channel on the following chart seems to be valid and has numerous key intersections on outlined high, low and the middle trends thus projecting long term supply (resistance) and demand (support) levels. Recent break below the median line signals for trend continuation - meaning another steep wave down is incoming.
Previous hyperwave trends illustrate different stages (flat, commencement of incline, rapid growth, parabolic blow off until cessation of the whole uptrend). Levelling up to the next stage - price was gaining more velocity and the magnitude of waves continuously escalated until reaching the point of total halt in the rise - happens when the uptrend structure in the stage fails. These consecutive trend projections are very important levels to watch and will likely have an impact on the price in the future.
According to VPVR - the next key range of interest is 2200 - 2845 - this signifies that there was a lot of interest (volume released) in the market in that price range which means it will most likely act as support if the price goes there in the future - this confluences with one of the prior uptrend projections from the hyperwave. ATM high probability set up for buying seems to be around 2500. I believe capitulation will take place rather sooner than later (end of 2018 - Q2 of 2019).
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