This triangle in BTCUSDT shows an upcoming dump to occur in the month of April or less likely at the beginning of May.
This triangle will dump BTC to 4-5k and I expect the whole market to have a big bounce towards those levels.
Within the next week, I expect a possible bounce to 8k maximum. The bounce will happen cause the fractal harmonic pattern shown will likely take btc back to that level. I am going to short BTC once more as soon as the price reaches this area.
Good luck!
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We could be having a double bottom now.
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A triangle seems to be forming.
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It's a falling wedge reversal pattern I think.
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Possible bear flag forming. Next move should be downwards.
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After the bear flag pattern worked out and Bitcoin dumped to lower levels (-8%), we have just had a strong bounce. There is a small bull flag that might play out, although I wouldn't go long.
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Bull flag pumped. Now looks like a rising wedge.
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The rising wedge dumped but price action eventually started moving upwards. I think that BTC's price will go maximum to 7900 in this bounce. Then it will dump again once more.
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DIdn't even make it to 7900. It is already dumping because of a Bearish Harmonic Pattern that was formed in the last 24h.
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A right-angled broadening bottom just appeared!
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Thinking of going long here:
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Bitcoin is creating a diamond bottoms pattern. A reversal to the bearish downtrend should be coming in the next hours.
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A better look at the diamond reversal pattern.
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BTCKRW might be creating a bullish alt bat.
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Aaaand we bounced. Seems like a Bearish Harmonic Pattern is shaping up.
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Price is bouncing as expected. Still within triangle. Big bull trap so I doubt we'll see BTC going past 8600 at this point.
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We're at the resistance level of the triangle. This is the moment of truth. I expect BTC to go down right now.
Excellent medium term analysis with clear predictions ( a rare characteristic when you have a reputation to defend. We all know that trades/trade ideas may fail). Thanks for sharing.
CoinMajesty
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@aknnig, thank you for your comment :)
butta
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updates?
GeXTV
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agree with latest analysis. true bounce after it dips just under 5k