BTC looks to be on a descending triangle since it's highs of December. Last month we looked to be in an ascending triangle, but since the break down at the start of June, a descending triangle pattern has emerged. If we can get some bullish movements in July, we could possibly see a bounce in the mid 5k range back up to close to 7k in the next week.
From there it...
BTC has continued it's downtrend for May after the gains of April. This downtrend for May is also pushing towards a pinch in the triangle in early June, which if the trend for this year is still correct will lead to a (Hopefully!!) Bullish June. Some good bounces on the Fib lines makes it appear one more bounce at the 236 line will give a small rise in the market...
Based on current BTC trends rising and falling at the start of each month my feeling is EOS will follow this trend. If you look a the trend from the previous month, while BTC was climbing in April, EOS followed suit. If the BTC trend continues and we hit bottom levels early next month then EOS should possible follow suit in a similar model as the arrows show.
My...
Charting BTC based alternating highs and lows on the 5th of each month so far this year. If this trend continues it looks like we will hit a pinch 5th August if it doesn't break sooner.
