Forming yet another Descending Triangle with all the previous ones being true to their targets (or close to true with the most recent one coming short by about $10 so far). The most resent one drawn as of today is suggesting a target of $270-275 over the next 2-4 weeks.
This might be an ugly start to 2015, but hopefully we can start drawing these triangle the other way in the near future.
As a possible less likely scenario of the Triangle breaking out to the upside, look for a move back to the 50-day SMA for an exit or an opportunity to short.
Full analysis can be found here:
cointelegraph.com/news/113215/bitcoin-analysis-week-of-dec-28-year-in-review
Good luck traders.
This might be an ugly start to 2015, but hopefully we can start drawing these triangle the other way in the near future.
As a possible less likely scenario of the Triangle breaking out to the upside, look for a move back to the 50-day SMA for an exit or an opportunity to short.
Full analysis can be found here:
cointelegraph.com/news/113215/bitcoin-analysis-week-of-dec-28-year-in-review
Good luck traders.
Tone Vays - Content Creator & Derivatives Trader
Web Site: ToneVays.com
Twitter & IG: @ToneVays
YouTube: YouTube.com/@TheFinancialSummit
Event: TheFinancialSummit.com
Conf: Unconfisctable.com
Web Site: ToneVays.com
Twitter & IG: @ToneVays
YouTube: YouTube.com/@TheFinancialSummit
Event: TheFinancialSummit.com
Conf: Unconfisctable.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Tone Vays - Content Creator & Derivatives Trader
Web Site: ToneVays.com
Twitter & IG: @ToneVays
YouTube: YouTube.com/@TheFinancialSummit
Event: TheFinancialSummit.com
Conf: Unconfisctable.com
Web Site: ToneVays.com
Twitter & IG: @ToneVays
YouTube: YouTube.com/@TheFinancialSummit
Event: TheFinancialSummit.com
Conf: Unconfisctable.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.