Possible fractal descending triangle pattern forming.
We have had a repeating fractal pattern on the 4-hourly chart that is nearing completion in a falling wedge pattern. Breakout is imminent.
If you find an indicator that works on that graph, use it. A lot of people have talked about the 200 MA--but that's not a number set in stone, even if a lot of people use it. The 235 week MA matches the double pattern from 2015 that started the bull run and seems to now also line up with the next (technical) support level.
Here's fibo drawn on the 4 hr starting from the break of the last bear flag. The bottom is at the lowest of 3 support levels from 2017 (white lines) on daily/weekly charts. Target: 3000
When BTC capitulated in 2014 it dropped 50% from the low that held for almost a year from the ATH
Not financial advice. Just a random possibility.
BTCUSD consolidating from its all time highs in 2014-2015 (upper panel) and 2017-2018 (lower panel). The 150 day SMA could be indicating that the consolidation period will be much shorter this time around--the frequency of "hype waves" could be accelerating as Bitcoin -0.27% gains name recognition and applicable technologies bolster its base line of support.
Head and shoulders constrained by overall trends on 4 Hr and 1D charts.
Pretty self-explanatory. BITFINEX:ETHUSD
Pretty self-explanatory.