The pattern we are making has a lot in common with the July 2017 Segwit crash. Looking for a strong rejection from around $38.6K to confirm.
Let's see how this plays out. Mostly watch the two bottom charts. 4 Hour on the bottom left and 1 Hour on the bottom right.
I just publish the charts I'm using and don't pretty them up for you. It may not play out exactly. I'll also be watching around $31K. Wouldn't work with how it have it charted, but it's and area of interests to me.
Let's see how this plays out. Mostly watch the two bottom charts. 4 Hour on the bottom left and 1 Hour on the bottom right.
I just publish the charts I'm using and don't pretty them up for you. It may not play out exactly. I'll also be watching around $31K. Wouldn't work with how it have it charted, but it's and area of interests to me.
Note
2017 daily for reference.
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Just want to mention, I am not expecting the falling wedge to break out right here. I think one more leg down before. We are pulling up to resistance (I drew a thick horizontal if you zoom in) and death cross.... Just wanted to clarify.The arrow is to point to the structure that can break out to take us up to the $38.6K resistance.
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Broke a little further through resistance than I was expecting, but 4Hr held. I'm debating republishing this thought. I realized how confusing it looks and can easily be interpreted wrong. I've cleaned it up and made some small adjustments. The triangles do need to be adjusted based on when supports and resistance are hit. ... Time targets are more difficult.
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What year is it?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.