Once 7.3 k is broken (and it will be broken), the first target for Bitcoin will be 3 k. Then 2 k, and perhaps 1 k just to fulfilled the Hyperwave theory.
Two key differences btw the previous descending triangle and the current one: 1. The previous one was created during a downtrend, this one is on an uptrend. 2. Previous one was below the weekly 20 SMA, current one is still above. The key fundamental to look right is the hash rate which is at an all time high and BTC would have to be at USD 31K in order to match it
Fakedown to 8500 to scare the shit out of everyone before it pumps and retests the bottom of the triangle as support. Consolidation between 8500-11,000 until late November coinciding with an alt season before BTC pumps to New ATH's in January
Will go down to 8500 soon
Hoping for BTC to go real low and catch it in an historic upswing to close the year.
please btc give us 4K..
BITCOIN IS DOOMED !!
3 k and below are coming.
Once 7.3 k is broken (and it will be broken), the first target for Bitcoin will be 3 k.
Then 2 k, and perhaps 1 k just to fulfilled the Hyperwave theory.
Sir what do u think about brexit?
Thanks for the video, hope you are correct!
Two key differences btw the previous descending triangle and the current one: 1. The previous one was created during a downtrend, this one is on an uptrend. 2. Previous one was below the weekly 20 SMA, current one is still above. The key fundamental to look right is the hash rate which is at an all time high and BTC would have to be at USD 31K in order to match it
moonboys are offended. Great TA thanks
Disagree
speaking with green day: breaking out, when september ends^^
You migth be wrong in this one.
the big bang is comming btc will go to 6,2 k or 5,2k same level as allcoin
I feel the same way about the breathing but in both directions, not enough oxygen or to much.
Fakedown to 8500 to scare the shit out of everyone before it pumps and retests the bottom of the triangle as support. Consolidation between 8500-11,000 until late November coinciding with an alt season before BTC pumps to New ATH's in January
Look at the altcoins. They are forming an ascending triangle. Same pattern Btc was in before it broke up above $4k
Look at the 3 day chart. 3 day candle looks likely to close very bullish. Also the 3, 8, & 34 EMAs look very bullish.
adam top forming?maybe
I have to say, I am very impressed by your analysis…I love your analogies too. Hope your day is a good one.
Superb TA – thanks Sami!
dang, your analogy was very dark…hahahahaha bitcoin may stop breathing soon…maybe we need to call in the crash cart!