As expected the slight bump on the road that saw us descend from 10800 to 10600 for almost a full day was as predicted a scare tactic to squeeze a couple longs out of their positions, please see my last post on this idea "Guess that was the top...for now"! That aside we have managed to break 10800 not only that we kept moving past 11200 in one swift move like it...
Like text book we failed to breach 11000-11200 range and we now as of writing back to 10600 and falling, play your cards close to your chest though as this may very well be a fake-out to squeeze longs out as well. My last post has the whole story, it may be found on the chart itself or related posts, be kind to have a look, not much to say right now. BEAR...
BTC following the Gold pattern, but it actually makes sense. 1. Test of the mean. 2. The retest to see if it can hold the mean. 3. Price stalls before it gets too bearish, participants weary of a bear market. 4. The test of the mean from below, which holds, followed by the tests of the upper bands to push the market into a bullish sentiment. It's looking...
Hello guys, I believe I have found a possible pattern which may play out over May, and will possibly take Bitcoin on a path to over $10,000. I have also attached a fib retracement guide, which matches up perfectly with the bottoms of the following trend. Let's see how this plays out. remember, Patience is Paramount! - Once I get over 10 upvotes, I will post...