eliyahu-p

Something strong about to happen

BITFINEX:BTCUSD   Bitcoin / Dolar
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Bitcoin had exited the downtrend yoyo width and should be headed up, watch for confirmation.

Using the angle of the trend in the master chart
Komen: Likely downwards. As a continuation trend, however an upwards breakout is possible. Would like 2% above as minor confirmation and actual confirmation on going above resistance, and pivoting
Is that a head and shoulder pattern forming? Looks like it is busy with a right shoulder? The volume on this bounce is very low, it is just a small bounce because we are oversold. I think more downside.
Balas
eliyahu-p Cybermosfet
@Cybermosfet, yes, as I said likely downwards
Balas
These are not fib resistance. Just slices of time between trends, they're at each quarter. 0, 0.25, 0.5 0.75, 1. 0 and 1 is because every rally / trend had a start and an end.
Balas
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