Bit coin day pattern since the beginning of 2018

27 maj 2018

Since the beginning of the year, notice if you connect the higher highs and the lower lows together they form these triangles of different sizes. The bigger the triangle the more volatility in the market, and vice versa. As you can see every bearish triangle is formed a bullish triangle emerge at the end, but only for a small period of time then followed by a bearish triangle pattern. Now we are at the end of a bearish triangle and I think a bullish triangle is about to breakout soon. It is possible to happen at the tip of the end of the triangle which is at $7000. Personally I will put my money where my mouth at and I will leverage a long trade if it reaches $7000, however i dont think the bulls will hold for long. I expect it to rise within the next couple to like around 8000 only

29 maj 2018

Zlecenie aktywne

As I expected it touched the 7000's before it started to make a bounce. The nature of the bullish momentum is dependent on the fundamentals. The crypto-currency market needs a huge pump in order to see the 10000K levels again. Fortunately Goldman sacks trading desk will launch this June, which is high likely to create a huge positive sentiment and increase the confidence in the market again. Especially, if we start seeing wall street institutional money in which will make cryptocurrencies a trillion dollar market. I would focus more on the news now more than technicals, however, i would still want to watch the momentum of the bullish trend. Stay tuned for more info