This trendline has 8 years of data. If this trendline breaks, BTC could retrace to 3k easily. However I dont believe in this scenario. Buying at 14-16k is the way to go.
If we take the top of 2017/2018 chart pattern and APPLY it to the 2021 situation that we are in right now, you can see the exact same drop by 50% to the current levels, followed by triangle consolidation (just like the one that we are in) and then another massive dump. All level corelate with most important levels like 20K and 10k being the next bottom of this...
If we close this week below this trendline, market wide correction will happen and it will last for many months. Time to sell is now.
Daily chart will confirm the trendline loss today (we got some bearish divergence too) so imo, time to sell is today (maybe load your shorts ? :)
I AM EXTREMELY *BULLISH !! Beautiful break out is happening. If we can confirm it tomorrow, UP only will follow :)
The trendline held us *down for more than a year. I expect incredible *pump once this gets confirmed.
Well, if you cant see this then you are blind. XRP is ready to "Break Out" and going against the trend is just not smart right now. Ofc, with BTC halving, thigs can get different.
This trendline has been a pure money maker so far. Lets see if it is going to hold this time. If LINK can keep this trend, it will break out eventually and reach new ATH. Still the best looking chart in all crypto.
Inverted chart can tell you a lot. ETH looks really bullish. On this chart, it looks bearish with huge descending triangle -> bullish when you revert the chart to the normal position.
When looking at weekly inverted BTC chart, we can see "bullish" triangle. We should play the break. Things look pretty bad but with halving around the corner, we could see a break down on this chart, which would result in break up in normal chart.
