It appears on the hourly, Bitcoin is starting to show either a new short-term bull flag or a falling wedge pattern -- both of which are bullish here.
100K is a psychological milestone, so I'm not surprised to see heavy resistance here. We're programmed to think a 1 with zeroes behind it is a big thing.
If everything aligns right, we might see the break out...
s3.tradingview.com
This is the third significant correction for Litecoin. There's no need to panic as we're still in its upward channel. If anything, this might suggest that we've been through its worst. We might continue to correct in the further days, but above all, it's a trend and we're still going strong until the following lift off.
Call me crazy. And delusional. But hell, it's fun to see.
We're looking at the weekly chart in *log* form for Bitcoin. Noticed a sling shot effect. That's what they call it, right? Eh, can't remember, anyway. . . The peak trending lines for BTC deliver this sling shot. Even though we're in a bear market, do notice for long term, we're still going up. But if...
I'm a simple guy. . but I think a lot. I try not to make complex looking charts. I just try to see the trending lines and deliver that opinion based on what goes up or what goes down. I'm by no means a pro at this-- at least, yet-- as I started back in early December, but I'm learning and I'd like to think that I know more than when I started. In December,...
