BTCUSD: TD Sequential 9 Next Week To Decide Direction?

Part 9: Next week looks set for a bullish TD Sequential 9 on the Weekly chart that hasn't been seen since July 2018. Back then this led to a 40% increase in the price of Bitcoin followed by 4 months of consolidation. This scenario is labeled "A". Extrapolation C is the inverse of the "bearish" TD 9 in April 2019 that led to a continuation of the bull trend. Hence, C is labeled as the "bullish" TD 9 but would be the most bearish scenario. Scenario B is the extrapolation of the 2018 wedge breakdown, as documented in Part 1 of the Bitcoin repeating history series.

The two year vpvr "average price" is referenced as a key level to break (and close) above at $8376.

If Bitcoin Repeats History?

Part 1: Descending Triangle Looking Similar To 2018

Part 2: Measuring The Move of the Descending Triangle Breakdown

Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low

Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown

Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario

Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1

Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

評論:

This is the sort of "big move" TD Sequential 9 I was anticipating.
Now to see how the Week closes (bearish or bullsh TD 9).

評論:

Part 10: Extrapolating the 50 & 200 Day MA bear crosses