Looking at the daily chart BTC is in a descending triangle.. BTC entered it in mid Jan 2019 (at 13,786.41) and is staying within the guide lines pretty well. The triangle is due to end in mid Jan 2020. (at 5,850.63) If BTC stays within the triangle and breakout to the downside it could take us as low as 2K if it breaks to the upside BTC will be making up for loss...
BTC seems to be following the cloud nicely but l did find this triangle on the 15 min chart where the top of the chart is really showing suport. l am expecting it to follow down the triangle and then exit with an upward movement.. This is not trading advice
BTC has formed a channel which also has a triangle within the channel. A bearish break out has formed from the triangle. Also the candles are under the 50ma and 100ma. With the triangle target along with the downtrend channel (which l expect it to stay in) I am expecting it reach the target of 8,000-7,000 with 2 resistance levels which l don't think will be a...
l posted this chart yesterday in the chat and it played really well.. l came to the conclusion it was coming down due to the candles clinging to the top of the triangle.. All indicators were also pointing to a downward trend The cloud was also underneath the candles with a nice gap for the candles to slip through.
BTC is keeping within the triangle.. l am going to say that my thought are that it will break out on the downside due to the trending pattern and the cloud is thin enough for BTC to clmb down through it quit easily.. On the 30th July there was a doji that formed right at the base of the triangle forcing the candles to rise. There were 2 attempts for a break down...
with how well EUR/USD is keeping with the trend it should be able to go the distance.
There should be no problem EUR/NZD reaching this target
Yesterday l had my 2 sell targets set And today AUD/USD went below my last target so l have now added another target...
l have 2 targets.. Target 1 is just about reached.. Lets see if it makes the 2nd target..
Here are my thoughts on the beast BTCUSD Nothing will keep BTC down It will bottom to 8000.00 then go back up to 10822.80
l have used the Diversion stragedy.. l am presuming it will pass the suport and continue down... Lets see how it goes
This is my thought on where gold is headed (on a long trade)..
Looks like BTC could go lower than anyone would want it to....
I sometimes trade on FCX So l thought l would share my thought on EUR/USD...
BTCUSD Could go as low as @ 8500,0
l was talking to a friend early this morning about how BTC/USD has hardly moved all day.. l had my sell trade on where the arrow is. He asked if l was going to put a stop loss on it whilst l slept.. my reply was no l think BTC/USD has had a sleeping pill therefore she will be groggy when she wakes up and will more thatn likely fall down the stairs.. So l get up...