The graph explains all. I never make predictions for obvious reasons. I will risk the egg stuff. Fingers crossed!
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Well, I was correct in predicting the break out within the 30 minutes but the break out direction went south instead of north. I should have known really. BTC does the opposite to what it should or is expected to do!
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BTC actually only fell off the ascending triangle and went south bound by about $50 (which is nothing for BTC to do) to where it is stabilised now ($6525) and has been for some hours.
I expect it to rebound and be trading along the mid line (red dotted line) when I wake up tomorrow morning because there basically is no negative news at the moment and lots of positive news going on in the space.
I expect it to rebound and be trading along the mid line (red dotted line) when I wake up tomorrow morning because there basically is no negative news at the moment and lots of positive news going on in the space.
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Nice!!!! Woke up this morning to see that not only had BTC price gone back up but had actually passed the mid trend line (red dotted line) but also headed further north to touch the long term ascending line that is headed towards $20k.
BTC price needs to do these nice upward bursts to attract (FOMO) side-liners into the market as well as institutionals.
No bad news for quite a long period now and lots of good news, including on the regulatory front, all bodes well for BTC. Please...no news of any exchange hacks again!!!
BTC price needs to do these nice upward bursts to attract (FOMO) side-liners into the market as well as institutionals.
No bad news for quite a long period now and lots of good news, including on the regulatory front, all bodes well for BTC. Please...no news of any exchange hacks again!!!
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It's 14:45 hrs GMT.
I'm sensing another upturn is coming in BTC price in the next hour or two. The sideways trading flag formation that has been developing in the last 14.5 hours looks prime for a change in direction again.
I'm sensing another upturn is coming in BTC price in the next hour or two. The sideways trading flag formation that has been developing in the last 14.5 hours looks prime for a change in direction again.