idea as pictured
not a bad place to get in if you like the project
let us pray our father Charles Hoskinson (@IOHK_Charles) doesn't abandon us.
possible bull case for BTC expanding broadening wedge
for a revisit of resistance if key lows hold #breakoutfam potentially macro-bullish for bitcoin.
Sentiment is turning and fake bears are getting flushed out. Watching Weekly.
with a MA cross, pattern, and logical progression of a candlestick close.
me if this flops: knowyourmeme.com
maybe long the bottom :shrug:
what's possible over the next couple of months
putting my thoughts in chart form
possible consolidation after a strong smack-down. no real TA on this one. just relying on what i see to be a possible range that was relevant before becoming relevant again.
Public testing of ConstanceM.Brown material: this chart is a sample of how true fibonacci ratios are stacked from strong candles to produce fibonacci confluent zones that align with support and resistance. For now, the trader of this method stays flat until price reaches $4,900.
next month we wick to $4,900, maybe $5k. ~December 2018. the month after we dump back lower than the current dump, say sub $3,400 but hold above $3k. ~January 2019. the journey to a whole new world begins again from $3k. ~Feb 2019. Buds start blooming in March 2019, altcoins flourish. ^all the above possibly invalidated if the cycle doesn't play out as it...