if its a megaphone there may be trouble ahead. target area is almost exactly 86% from the top. If you know you know.
i will be parked at the end of Q3,Q4 2023 and potentially Q1,Q2 2024 with my large bucket to collect bull tears. Buying anything under 19k ish :D
green arrow shows the way, previous bottoms are all marked. Just for fun.
potential breakout target. BTCD continues to drop but best predictions for a BTC top are 4th quarter 2021. It could easily drop but i cant shake the feeling BTC isnt finished yet.
since the inverted C&H played out so well this caught my eye. potential target zone 48000 - 51000. updates will follow depending on successful breakout.
So the large inverted cup and handle (1) came out confirmed. The push for BTC and the resulting altpocalypse, plus the Binance hack were definitely factors. so where next? There was a second smaller IC&H (2) on the way down that had similar volume properties to the first. Added to the 1st one that takes it down even further. whilst BTC remains dominant BNB...
I know nothing, for information purposes only. Still charting the original IC&H formation. Have now plotted the upper and lower resistance trend-lines down to the potential bottom. To further confuse matters a second structure that could be interpretted as IC&H appeared on the way down. BNB is still a refuge for people who dont want to use stablecoins...
I know nothing, for interest purposes only. this is an update on my speculation of an inverted cup and handle on the BNB/BTC 4H chart. The green target zone is the expected bottom of the run, but the downside may continue after that so I will be looking for trend confirmation before putting a long back in. Next update either when we hit target zone or when the...
long term resistance at grey line, sell if it breaks below. Buy in light green zones, set sells in target area. not financial advice, I am a noob and I know nothing.
Ive been watching this on the 4 hour for a while. The right side is slightly shorter than then left side, but the distance from the "top" of the cup to the bottom of the right lip is not small. Watching to see how this develops, but with the recent news and peoples tendency to use BNB as a stablecoin it may not play out naturally.
I am working purely from 50/200 crossover points, no account of volume, market sentiment or any other vehicle for change. Working this in shows a crossover at 17:30 today which has been followed on the previous 4 occasions by an upward push. This is entirely for fun, I have no expertise in this whatsoever. Someone bet me 1$ I couldnt do it :)