After we fell out of the Covid channel with a solid double top we began a down trend after months of whiplash and bull traps we finally got a first leg down and gave us our first low. After another few legs down and monster gap days the trend finally started to show its face. I feel that this is a solid descending triangle that will give us another leg down to...
Ive been in this position for about 4 months. got in @ .1255 and loaded up with 129 k shares. this chart was made when i bought so about 4 months ago and i just updated it. ive sold and divided up shares amongst friends so we are all eating I still hold 69k and will keep adding at the 50% fib good luck all aboard "diamond hands" lets goooooooo!
this is breaking out of rising wedge and now shoul come up to test the channel and use it as resistance before the next dip
Took a short position @702. and have a stop loss currently @697 after we get to first target stop loss will be moved accordingly. depending on momentum i may move stop losses down to 10500 after we get below 10k
COINBASE:BTCUSD Looking like this could be a Bearish Rising wedge. Looks like those that have been trapped in the 12k ranges may get a chance to get out before we move down again. looking @ shorts between 11500-12k going bullish @10800-10750 till we reach target zones for the bear case up top again.
Looking at the BTC pull back recently I noticed a very nice Inverted H&S pattern forming. We tested the neck line then pulled back to the support of the left shoulder. If this breaks the neck line I think it could be a very nice run up. With the chinese new year over, Korean volume back in play, Segwit2 lower BTC fees and transaction times, and the adoption of...