this is a similar scenario to trias, which was provided in my previous post.
I am not sure how long we will be in this channel but it does give us any idea when a breakout is expected and an idea of the grand scheme mid term for bitcoin.
for trias i think we will ride higher in the channel until it crashes right after bitcoin finds its bottom. I dought this is...
Should have taken profit at 46K +, but accidentally set stop 1 big figure lower...
Possible Channel Play, decent long entry at the low end of this channel, advise tight stops.
Long from 44K. If we go higher, 46700 (MA red) would be a good TP for this position, if I can set my stops properly this time.
Possible Indicators / Patterns / Observations:
Based on analysis of the 2013 and 2017 cycle (see my related ideas) I have drawn this prediction model based on the following assumptions.
If too much text bothers you just jump to the crystal ball prediction section.
Stock-to-Flow target of 100k will be reached and multiplied.
The current trajectory is very high and...
BITSTAMP:BTCUSD
Bitcoin has been trading within a channel for the last few months now and has had recent rejection from the 0.618 channel fib on the 5th wave up.
Expecting a drop from here and maybe consolidation into a bull flag for a breakout at the end of May / beginning of June.
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price attraction toward the gravitation line.
no trade activites above and below gravitation area for the parallel channel.
high chance to fill no trade activites and fall toward to value low are.
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