Weavs844

Weavs844

Just my analysis going off of the last bear market's pattern. Yea, Mnt Gox before... I've heard it... Pattern still amazingly is playing out similarly. Weird The last green line is just my guess and is no way supposed to mean when exactly I think we will stop going down this bear trend. What I would watch out for is when we do break that yellow trend line I...

Weavs844

Comparing how it broke down previously to this time....

Weavs844

Broadening Wedge pattern forming

Weavs844

We just had our break up out of the triangle and fail... I'm confused how anyone is bullish personally. If we break 10k, I'll start changing my tune. But this market seems to be in a bad place right now. And not just talking about the patterns. But the average person is getting bored with it. Definitely need a longer cooling off period before we get hot again.

Weavs844 Updated 

Breaking point coming up! Last time it went up and the time before it broke down.... Think it will determine our direction for the next few weeks and should be a nice opportunity for profit. (either from shorting or buying)

Weavs844

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Weavs844 Updated 

Bearish descending triangle with the pattern I've seen within it. We have tested the bottom are headed up on more time before our final decent.

Weavs844

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Weavs844 Updated 

RSI is playing out a perfect falling wedge and the 5th wave should drop to the same, oversold, level as our last drop did. I expect a nice turn around there!

Weavs844

Looking to complete the 5th wave and have a buying opportunity ahead. If it happens the RSI on the daily chart will also be oversold should retrace up as well. I would guess we would could climb back over 10k.

Weavs844 Updated 

Depending on which way we break from right now, we should be headed for 9800 or 6800.

Weavs844

6800...

Weavs844 Updated 

I think a lot of people are hoping for a sharp correction and underestimate how fast Bitcoin grew when it isn't being used a lot in the real world. A little cooling off period is definitely needed for another meteoric rise this late summer/fall.

Weavs844

Looks like we hit the top of top bearish trend line pretty hard and could easily make our way back down to 6k. Possibly breaking out next time we test it...