BitShares / BitcoinMis à jour BTS repeating pattern experiment.
So apparently past patterns can repeat again.
Well I have found one on BTSBTC that seems to be working out like the same time in 2016.
It started by finding a curving bottom and I wanted to see if that resulted in a rally. Examples will follow below.
So anyway we broke out of a falling wedge to the 70 ema. Now I expect a touch of the curving yellow line and then a potential 35% rally to the upside (via quick stop at the 200 ema and a .618 retrace) before we eventually break down and drift lower.
If history really does repeat itself then we shall witness it soon enough...
Well I have found one on BTSBTC that seems to be working out like the same time in 2016.
It started by finding a curving bottom and I wanted to see if that resulted in a rally. Examples will follow below.
So anyway we broke out of a falling wedge to the 70 ema. Now I expect a touch of the curving yellow line and then a potential 35% rally to the upside (via quick stop at the 200 ema and a .618 retrace) before we eventually break down and drift lower.
If history really does repeat itself then we shall witness it soon enough...
Note
here is the pattern from march 2016 that I am watching to replicate. Note
The curved bottom... Note
Curved bottom 2016 and subsequent breakdown... Trade fermée: ordre d’arrêt atteint
Wow would you look at that!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.