Bad Times Make for Good Buys .... buy now or cry later ....
Buy when there's blood in the streets, even if the blood is your own.
“fearful when others are greedy, and greedy when others are fearful.”
We are still bullish ---> Descending Triangle Breakout + Retest and good support = 2.80$ soon or later just HODL
If the price of #bitcoin manage to stay in the channel our next target is fib 1.618 or 82650$
Many people say this is the end of ALTSEASON! But for us this is the beginning :) Nothing is over ... but don't be a FOMO! Last week, Grayscale Investments announced a slew of new trusts, each focused on smaller-cap “altcoins.”
It is also known as Bullish Channel pattern as the price is moving up. It consist of two trendline parallel to each other having points forming higher highs and higher lows hence resulting in bullish channel or upside channel. The price is confined between the two trendlines. It consist of the following: a. Ascending Upper Trendline: Also known as the channel line...
Descending triangles are mainly considered continuation patterns but they also can be used as reversals. This pattern starts with an initial impulse move followed by a point of consolidation. As price consolidates it makes lower highs and equal lows forming the descending triangle. The momentum builds up and usually breaks out back into the direction of the trend....
This is just one of the bad scenarios in the event of a refusal of fibonacci 0.618 and an attempt to shake us ... Be careful we must always be prepared for the bad scenarios! This is a long game in which we believe ... just HODL