This is by no means certain this is how it will play out, but something for bulls & bears to mull over! thepatternsite.com duckduckgo.com
Anybody whose killing it on the short side I take my hat off to them!
I guess short term we look to make a larger Primary Wave 2 or we extend further? Ascending Triangle down target in play with $20K + for Double Top target!
Well lets see if this pattern can stay valid? Bulkowski Targets using UP(70%) percentage meeting price & (44%) for DOWN with estimated break(B) of $22848.5? thepatternsite.com
So the route out of this Impluse Wave has been complex and I'm sure there are more twist and turns to come, however I now believe we are in an impulse wave(5) to potentially $29K+ of course this is not advice!
Not a done deal yet but sure as hell looks like one? thepatternsite.com
Whether it be an " Ascending Channel" ~ leading diagonal, ugly double bottom or bear flag ~ this must be one of the hardest patterns to try and predict its path! What is interesting is the fact if bitcoin stays above the daily 21EMA then we can safely say it is a bullish scenario....the thin blue line curving upwards. tutorials.topstockresearch.com
As I believe we are in a large "Expanding Elliott Wave Leading Diagonal" I think we now make our way to $26K+ that being Target 2(100% of Wave(1)?
Looks like bitcoin maybe rejecting the "Ugly Bottom Pattern" in favour of an Expanding Leading Diagonal Elliott Wave? Targets based on Fibonacci favoured levels i.e. 1.168% for target 3! s3.tradingview.com
A trade I will look to put on margin should we break the "Confirmation" line on a daily close! It meets the guidelines set out Bulkowski see link below:- www.thepatternsite.com
A special chart for all those sub $13K/10K bears & ELON :) www.thepatternsite.com
It is my idea we continue to target with this flag and possibly put in another one as the DXY continues to show weakness, of course the opposite applies should that reverse! Tight Flag:- thepatternsite.com DXY :-
We really are in between two invalidation levels therefore "No Mans Land"! Bullish Break ~ $22309 Bearish Break ~ $20413
Whether it be a Symmetrical Triangle, Busted Ascending Channel or larger macro bottoming formation, Bitcoin is still proving difficult to read! So far as the the Pi Cycle goes it is interesting but needs more time to see its value as it could be the result of "Curve Fitting" as described in the link below and perfectly explained by Alessio Rastani. Curve...
Is this how the bottom might play out? forexwinners.ru
I am a Permabull if you had n't already gathered but short term you have to recognise this "Bearish Flag" could still play out? thepatternsite.com
Have you bought the Pi Cycle bottom or waiting for sub $10K :) ? I know I have!!!
The significance of the confluence of the 200SMA crossing with the lower band of this Logarithmic Growth Curve, so thanks to the author who scripted this indicator! www.tradingview.com