There is a lot of crazy going on in this chart, but it's all there for a reason. Mostly because I am bored and got a little carried away. I started watching cryptocurrency during the insanity of 2017 so I am still relatively new to this. I watched as it crashed down and bought in on the way down from 6k~3k. Almost every ATH for BTC has followed near identical...
Here's to hoping that we do not finish this beautiful picture of the sun that Bitcoin is making. Oh and that is a MONSTER of a bull pennant we've got going. Keep it up everyone! Nice work!
These randomly showed up all over my charts today. If anyone could please tell me how to make them go away that would be great. Thanks.
These are my thoughts on the possible movement of BTC over the next month. There are major trend lines at 7500 (which is also a fib level), 6600 (previous low), and a possible chance to go as low as 3500-4500 (major long term trend lines). Each of these points has a strong chance for a bounce. My question is, at what point will most traders decide we've had enough...
So, are we in for a rough repeat of 2013 or is the 2014-2016 cycle more likely? Any thoughts?
Thoughts? lol I'm hoping we move soon. I don't really care which direction at this point. Half in and waiting for some action.
I do not think I have ever seen a chart fit a fib retracement more perfectly. I am still fairly new to this, so any feedback would be very helpful and much appreciated. Thanks.
Bitcoin is approaching the end of a giant wedge that has formed as well as half way through a possible giant cup formation. The blue line was just my guess as to what would happen if the cup follows though. So far, so good. Also, I am new to this so I am sure there are plenty of things wrong here.