Does history repeat itself? This is not a bad sign at all. Just giving perspective how we should trade in a longer term.
MA100 has been great companion to us. Each time Bitcoin has fallen we have bounced from MA100 everytime. I have marked those bouncy areas with green arrow so you can spot them.
I continued MA100 line to present where it might be heading. MA100 tends to move quite less so it's predictable line.
Falling wedge is key of this story so we can see when it's about to dip. It's creating falling wedge pattern already.
Bulls are going to hit 6k then they start slowing down and after this we see correction.
Because we are so close to HARD FORK it might push prices down too. People are having confusion around this time.
Chart is explaining itself pretty well so I'm keeping this short.
NOTE this is longer term perspective. Not reflecting current markets in any way. It's not investment advice.
Feedback is appreciated and feel free to express yourself.
I'm not trying to support either way. Just meany pirate to search for his next opportunity to open long!
Yarr!
MA100 has been great companion to us. Each time Bitcoin has fallen we have bounced from MA100 everytime. I have marked those bouncy areas with green arrow so you can spot them.
I continued MA100 line to present where it might be heading. MA100 tends to move quite less so it's predictable line.
Falling wedge is key of this story so we can see when it's about to dip. It's creating falling wedge pattern already.
Bulls are going to hit 6k then they start slowing down and after this we see correction.
Because we are so close to HARD FORK it might push prices down too. People are having confusion around this time.
Chart is explaining itself pretty well so I'm keeping this short.
NOTE this is longer term perspective. Not reflecting current markets in any way. It's not investment advice.
Feedback is appreciated and feel free to express yourself.
I'm not trying to support either way. Just meany pirate to search for his next opportunity to open long!
Yarr!
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6k broke
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