Quick explanation here for our bulls and bears out there.
(This is my unbiased view,i personally expect us to break out the bottom of this channel, but i'm not willing to deny a pattern until its invalidated)
Inverted Head and Shoulders:
The move will push us down to ~215B total cap followed by a quick recovery.
(Puts bitcoin down to ~7.9-8.1K depending on BTC.d at that moment in time)
Cup and Handle:
A move to test our above Bear trend "Represented in red".
If we are successful in breaking the trend and out of our channel the handle will be completed.
A measured move puts us up to ~330B on our total market cap.
(Putting bitcoin up to ~11k, once again depending on BTC.d at that given time)
*Fractals may not pan out according to plan, as they are only there to represent place holders for the measured moves*
I'm most likely to only post charts related to our total at this time, until we break out of this ~195-245B pitchfork channel and choose a direction.
As always DYOR and safe trading.
(This is my unbiased view,i personally expect us to break out the bottom of this channel, but i'm not willing to deny a pattern until its invalidated)
Inverted Head and Shoulders:
The move will push us down to ~215B total cap followed by a quick recovery.
(Puts bitcoin down to ~7.9-8.1K depending on BTC.d at that moment in time)
Cup and Handle:
A move to test our above Bear trend "Represented in red".
If we are successful in breaking the trend and out of our channel the handle will be completed.
A measured move puts us up to ~330B on our total market cap.
(Putting bitcoin up to ~11k, once again depending on BTC.d at that given time)
*Fractals may not pan out according to plan, as they are only there to represent place holders for the measured moves*
I'm most likely to only post charts related to our total at this time, until we break out of this ~195-245B pitchfork channel and choose a direction.
As always DYOR and safe trading.
