I know the chart is not as pretty but this is a continuation of a week of chart studies. Just bear with me this time.
Below is the chart of the previous movement predicted.
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close up picture of the chart above. Now we wait for little correction or a new push.
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And we are surely looking good :)
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another close up seems like we getting stronger. The more we test a support the better that it becomes for future prices. :)
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BTC continues as it tests its support at different levels. Looking strong but caution is recommended.
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just realized we broke the downtrend line and now we are only waiting to break the neckline of A HnS pattern/.
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This is a better picture with another possible outcome.
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just some ideas as of where btc will stop. :)
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If BTC manages to stay above this 11500 price range, then we can assume we are in a path to 13k to close the first time cycle. click on the link below to play it.
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Hello all. If you are interested in seeing my video predictions, go to my YouTube channel in the link below and watch the first ten minutes of video titles reading btc. Interesting. :)
@ChartsOnTime
this is a rising wedge which is a bearish pattern. The price must go down not up as for pattern definition, isn't it?
Thanks for sharing
angel_lobs
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Hello! I see a rising wedge, although as I've said before, this pattern can fail, if bulls want, (with volume) thus completing the big inverted head & shoulders, I'm believing in this scenario, I guess only time will tell!
Have a nice day!
Ecua_Trader
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@angel_lobs, Yeah I am also hoping this will play well my friend. We need more of your ideas too :)
TomPower
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@ChartsOnTime, I've been sitting on the fence now the last 2 weeks from all the other authors here saying oh we're heading back to a double bottom or 8000. I'm starting to believe in you guys. What the hell happened looks like we got another bull market going on here but someone forgot to tell me.
Ecua_Trader
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@TomPower, lol yeah I dont wait too much for it. I just play it by the day I am careful to say dips you know I invest in the coins based on my charts so that give me a double responsibility. I also trade with 174 others who probably see what I do and how I trade. I think we are in a good place but still cautious about btc.
mezase
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@ChartsOnTime, bull market will start once 12k is breached and dumb money will come back in around 15k thanks to media going crazy about it. I expect one huge dump in the near future though.
Ecua_Trader
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@mezase, we been in a bull market for weeks lol or at least I have been lol I understand what you are saying but I disagree with you.
mezase
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@ChartsOnTime, by bull market I mean alt coins running off again not just Bitcoin. There has been a couple alt pumps but none of them really getting into uptrends for now. Market is waiting for bitcoin to hold strong above 10k.
Ecua_Trader
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@mezase, oh ok. Yeah in that idea 100% with you. Alts will bleed a little more. We are getting there.
this is a rising wedge which is a bearish pattern. The price must go down not up as for pattern definition, isn't it?
Thanks for sharing