Hello,
as you can see on the chart, we are again in the Symmetrical Triangle (Yellow), which is in the downtrend.
Bulls broke out of the upper yellow line, but bears pushed the price back into that yellow triangle.
Todays dump was just because of the "Death Cross" of the Daily 21 and 55 EMA .. nothing special. Was weak
I think we will see the real dump at the end of month.
Additional to this, the ETH Hard Fork happens, which may lead to major dumps!
as you can see on the chart, we are again in the Symmetrical Triangle (Yellow), which is in the downtrend.
Bulls broke out of the upper yellow line, but bears pushed the price back into that yellow triangle.
Todays dump was just because of the "Death Cross" of the Daily 21 and 55 EMA .. nothing special. Was weak
I think we will see the real dump at the end of month.
Additional to this, the ETH Hard Fork happens, which may lead to major dumps!
Nota
I zoomed in to the Zone which bears must holdNota
Heres how the symmetrical Triangle should look like in a downtrend.I hope TA will show a preview of that image.
online-stock-trading-guide.com/image-files/symmetrical-triangle-downtrend.png
Nota
Actually it did not show the preview.. too bad. Will update, when ive got some news.
As long as BTC stay below $3815, we will see major dumps!
Nota
I recently posted, that we MAY pump to $3900. This is also in play. But it will lead anyway to that dump back into the yellow triangle.Heres the post:
Trade attivo
Still open.. we had the dump.. still waiting for the next pump to 3950-4000 today or in the next days
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.