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tahir989
6. Febr. 2018 10:08

Bitcoin.... Looking at Descending Wedge on the 2hr -  

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Beschreibung

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https://i.imgur.com/pmuF8nu.png
Bitcoin 2 hr -

Looking at Descending Wedge and a break can potential provide some relief rally towards mid 7k.

Kommentar

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Bitcoin.... It's knocking at it for sure...

i.imgur.com/sMlly0S.png
Bitcoin 2 hr --

Kommentar

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Bitcoin --- 5 and 15 mins showing 2 different distinct patterns.

i.imgur.com/oQYV1gr.png
bitcoin - 5 mins

i.imgur.com/uwho6bs.png
bitcoin - 15 min -- bull Flag spotted

Kommentar

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How the 2 patterns on smaller time frame played out..

i.imgur.com/b4844DK.png
Bitcoin 5 min - Its amazing how even a 5 min time frame can grab pip runs - unlike anything I have seen elsewhere..

i.imgur.com/6pyoRs3.png
Bitcoin 15 min - Did a little change but the same concept - we likely on break of the bull flag zone..

Kommentar

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Here's final UPDATE to the 15 mins Bull Flag break and achieving tgt.

i.imgur.com/LSwBkbC.png
Bitcoin 15 mins

i.imgur.com/MkRX96a.png
Bitcoin 15 mins - Current - Need I say this been a Pip feast all day long..

For complete Read - you can follow the following link below..

How patterns and trendlines combine together
stochasticuk.com/viewpost.php?id=311
Trend AnalysisChart Patterns
Kommentare
tahir989
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Suppose the Descending Wedge is to provide the relief rally after all.. Would be interesting to see how it plays off once it gets to test to around 7.5K mark.. I would suspect it would require considerable effort to break higher back above 8K.. If happening it can challenge 10.5-11K.
Plus we then likely be having a pattern in play - Inv H&S .. This starts getting interesting now..

i.imgur.com/LlPPvou.png
Bitcoin 2 hr..
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