This is all very exciting. I'm a big freaking fan of fractal theory. Inverse Head n' shoulders within an inverse Head n' shoulder.... with a Cup n' handle retracement Complete crack pot estimate of the next high will be ~$15k. *special thanks to MagicPoopCanon, TheKujiras and L2Crypto for being inspirational teachers* Now, if it breaks the 9.5-9k range then we...
*test* historic fib time trend with peaks
*disclaimer* I'm an amateur, crackpot TA enthusiast*. Let me know what you think. Fib time line tool seems really cool. Curious as to how this plays out. As far as I can tell, inverse cup n' handle makes me not want to touch this. But as it nears the apex to complete this triangle then ideally it should start breaking through higher. or just actually...
ALRIGHT, I got so excited when I saw this but who knows how it will play out. If you zoom into where we're presently at, you'll see a fractal continuation of bull penants and ascending wedges that are sequentially getting smaller. It looks like we are approaching a big, deciding moment now. PIVOTAL, if you will, lol. This might actually be where the correction...
bitcoin coming off of its stream of bearish head n' shoulders now seems to be all cup n' handles -ascending scallops. lol Let's see what happens. As much as I'd love for some 5k btc. I don't think it'll correct that hard but who knows.
What started off as seeing an ascending scallop turned into the possibility of a cup n' handle pattern.... Possible the handle's retracement would bounce off the 8-8.5k range. drew some recent trend lines as well as lines from a few months ago. What do you think?
some crackpot, amateur TA. What do you all think?
I was curious as to whether the waxing (growing) or waning (declining) of the moon had any effect on the markets. So I'm marking the full and new moons. not really observing anything to definitively report.. Then I remembered we just had a total lunar eclipse! (1/31/18). I remember being bombarded by FUD that day and have accumulated crypto news articles...
Head and Shoulder reversal on btc