BTC Analysis Mashup: and... patience paid

in #bitcoin • 6 years ago

I would finally call this an uptrend! OK... if we can clear the 6500 level, that is... but it looks promising.

H&S patterns didn't play, and cancelled when the price went over the shoulder line again.

VaidoVeek proposes a Cypher Pattern could be going on, taking the price to about 6900USD/BTC:
https://www.tradingview.com/chart/BTCUSD/BZGAvRI8-BITCOIN-Shows-Some-Signs-To-Finally-Break-The-6500/

Using my simple indicators, I could reach to the same conclusion... more or less.

Screenshot from 2018-08-17 09-50-21.png

But beware! This could be a week up, or so (maybe 4 or 5 days), and then most of the analyst I read, expect a fall (also usually comes after a cypher) and this fall would go well into the 5k level.

WARNING! trading is a very risky thing! Don't take this as an investment advise: it is likely to be wrong and you will probably lose money if you take this seriously. If you do lose money, don't blame me or anybody else commenting, because in the end is your choice.

6 years ago in #bitcoin by
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