Bitcoin trades inside a bullish channel, it's just a matter of time before it breaks outside the descending triangle and goes up.
I've also checked the Elliot waves approach to investigate the potential of the price dropping lower but the figures just dont add up.
Finally, if this bullish trend breaks, bitcoin will go all the way down for good and believe me, neither bulls nor bears or whales want that.
***IMPORTANT **** bitcoin's pattern is identical to that of USDCHF, I couldn't find a way to upload a picture, but please if you know how tell me and I'll upload the USDCHF diagram asap.
Disclosure: Please be informed that information I provide is NOT a trading recommendation or investment advice. All of my work is for fun purposes only.
I've also checked the Elliot waves approach to investigate the potential of the price dropping lower but the figures just dont add up.
Finally, if this bullish trend breaks, bitcoin will go all the way down for good and believe me, neither bulls nor bears or whales want that.
***IMPORTANT **** bitcoin's pattern is identical to that of USDCHF, I couldn't find a way to upload a picture, but please if you know how tell me and I'll upload the USDCHF diagram asap.
Disclosure: Please be informed that information I provide is NOT a trading recommendation or investment advice. All of my work is for fun purposes only.
