ChArtWorks_TechnicalArts

$BTC/$USD Readjusted Descending Triangle Measured Move

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COINBASE:BTCUSD   Bitcoin
Just like I did with LTC's Head and Shoulders Measured Move, I also readjusted the BTC measured move to match the Percentage change rather than the size of the actual move. This provides a more accurate target. For BTC, it is very possible the measured move of the Descending Triangle Pattern we have broken out can take us all the way down between $6,700 and $7,400 Support Areas. This also happens to coincide with .618 from the Bottom of the Bear Market to our current Top. This is where we could possible see a reverse in the trend or a continuation of the trend if you were to look at it on the Larger Time Frames.
Komen:
If we can hit 100 followers, I will make a website based on "ChArtworks". This will be a website provided with my Technical Analysis and possibly the idea of others works as well. This website will be focusing on TA but also Art work to the charts!. That is my 100 follower Goal <3 :)
Penafian

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