Inverse Head & Shoulders Formation for BTC & DGB Log Charts
Idea is valid if and only if these conditions are met for BTC & DGB:
1. Price breaks above the downtrend line and finds support
2. Strong buy volume
This chart is posted as an experiment to see how the price behaves. It is not investment advice.
1. Price breaks above the downtrend line and finds support
2. Strong buy volume
This chart is posted as an experiment to see how the price behaves. It is not investment advice.
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A bearish scenario for BTC & DGB if BTC hasn't finished its ABC correction:
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Head & Shoulders formation on DGB USD log chart:
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If this BTC idea plays out then the alts will get slaughtered:
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BTC buy zone based on Fibonacci levels: $4,384 - $1,819
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BTC bullish pennant scenario:
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Questions for your consideration regarding Bitcoin:
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This idea may be right after all.