Hello all,
This is a 12hour chart with trading pair BTCEUR to make it quite clear. The yellow falling wedge is the bigger picture and the high-blue color is the triangle formed inside the wedge. Currently we're moving at the downside of the blue triangle and regarding the bearish moves inside the triangle, the red candles are much more aggressive down instead of the green candles up, my expectation is a breakdown from this triangle which immediate lifts us over to the bigger picture in the falling wedge in yellow. This wedge has a longer running allay down. see first graph:
Taken in account the bigger picture I am switching over to BTCUSD pair in the bigger picture we see a fall down in course following that bigger falling wedge. This is a reasonable scenario for bitcoin. And as a falling wedge comes up I expect the next impulse move with some impact around March-Apr-May 2019.
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This is a 12hour chart with trading pair BTCEUR to make it quite clear. The yellow falling wedge is the bigger picture and the high-blue color is the triangle formed inside the wedge. Currently we're moving at the downside of the blue triangle and regarding the bearish moves inside the triangle, the red candles are much more aggressive down instead of the green candles up, my expectation is a breakdown from this triangle which immediate lifts us over to the bigger picture in the falling wedge in yellow. This wedge has a longer running allay down. see first graph:
Taken in account the bigger picture I am switching over to BTCUSD pair in the bigger picture we see a fall down in course following that bigger falling wedge. This is a reasonable scenario for bitcoin. And as a falling wedge comes up I expect the next impulse move with some impact around March-Apr-May 2019.