BitcoinLong
Can history Repeat itself??
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I saw this when I was playing through BTC charts and i think it worth sharing with you guys.
Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.
if history repeat itself this may be a good sign for potential price reversal to the upside.
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Please share your thougths about it and support my post with your LIKES if you think it's useful.
Thanks
Looking at wave oscillator indicator price pattern seems to be in wide ascending triangle formation with price hitting the bottom trendline at exactly 78.6% Fibonacci retracement of the previous bullish move. Whereas, the last Mega Bullish move occur after price bounced off this same bottom trendline at exactly 78.6% fib level.
if history repeat itself this may be a good sign for potential price reversal to the upside.
Join our discussion room for more about our trading ideas.
Please share your thougths about it and support my post with your LIKES if you think it's useful.
Thanks
Transaction en cours
Transaction en cours
BTC All time triangle formation patterns and their breakoutTransaction en cours
Another potential form of reversal spotted. Price started forming High lows.Transaction en cours
We could also have accumulation on going as price been trading in a rectangular box that is from 3days chart analysisTransaction en cours
One of my previous post that talk about trendline breakout. Still seems to be very valid.
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More details about the breakoutTransaction en cours
Price may go down as medium term charts look bearish may be for a re-test on the major support again.Transaction en cours
Looking at 4hours timeframe it show a clearer picture of a symmetrical triangle forming, which has its base around 6200$ support zone.Here is my trading plan towards this pattern. Looking to Buy around 6200-6260 area with tight stop loss below the support.
Transaction en cours
This is one of my previous post, its channel that showcase all BTC typical reactions. Do have a look.
Transaction en cours
This monthly chart shows price is testing strong support as well.
Transaction en cours
Another one of my previous post showing possible wave patterns.
Transaction en cours
BTC is struggling to make major moves on a short term basis, I expect a drop to at least 61.8% fib level talking on short term basis.Transaction en cours
ETHUSD shown some serious sign of reversal also which complement BTC Bullish view.
Transaction en cours
Bitcoin Corrective pattern
Transaction en cours
Short term triangle breakout occurred and this look to be forming inverse head and shoulder patternTransaction en cours
I shared another view on possible BTC breakout outlook.#BTCUSD
Do share your thougths about it and support my post with your LIKES
Thanks
Transaction en cours
Transaction en cours
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