Price action broke out as I expected in my previous idea and it's currently heading to form a Head & Shoulders around 16700 USD. The reason why the price should fall down eventually is the appearance of a rising wedge pattern. Support at the confluence shown at the end of the right triangle.
There is a pivot between December 31st and January 1st.
There is a pivot between December 31st and January 1st.
交易進行:
Almost there.
交易進行:
Bitcoin formed an ascending broadening wedge pattern, dumped from it and got rejected after the bounce. Next bounce should around 13500 so we're close to it.
交易進行:
Perfect bounce at 13500 as expected. It is either going to 15100 once more now to dump afterwards or directly dumping down to 11k or so.
交易進行:
Next stop for BTC at 10200. Could have a bounce but considering the Head & Shoulders pattern, it should dump lower from that point.
評論:
評論:
Diamond Pattern Formation appeared. These ones normally end up breaking down.
