Although this is a very bullish AB=CD pattern with D as a reversal point I wish this will not happen! Ill watch the charts
While it seems $BTC is bleeding to death there is a small sign of life! above $14400 and we will be save for at least a while
If the orange area breaks things start to look very ugly!
The bearish ABCD did trigger a reversal. In my previous analysis i was having my doubts about that but after all...the fibs are just perfect and also move XA was very impulsive so a reversal at point D was very much possible. Bulls have to step in now between 13500 and 14600 otherwise the overall bigger picture weakens.
AB=CD is a bearish pattern After the impulsive down move from last week i do expect a bearish reserval in case we will reach point D from here, in case it happens i expect at least a 50% retrace from AD. In case the price will stabalise just below point D and rest there for a while i would not short D anymore because often it just breaks. In case it will break i...
i expect a bullish break here to send us to $1500
Dragon pattern breakout I wish for a hudge tail on this dragon!
This dragon pattern possibly gives us a swing all the way up to $8 Althoug the breakout is done and the breakout volume whas slightly higher I do miss the volume and power in this follow up so far.
diamont breakout means...back to the bottum
People who aply simple TA could see this all comming
If we can break this resistance we will go back to the previous ATH. When it fails to break we will make a 50% drop from were it is now.