BTC - Consolidation - Long Term Triangle ending end of October

in #bitcoin7 years ago (edited)

Hello all,

Nothing really new on the BITCOIN, we are doing little up and down between the 2 long term lines. We are clearly in waiting and consolidation mode :

BTCUSD.jpg

BARRE STEEMIT.jpg

However, when I was double checking the long term support line and the long term resistance line, look which pattern I found :

BTCUSD2.jpg

A beautiful triangle which has been tested but not broken. This triangle is pointing up which means that in most of the case we have a DOWN break out.

Did you see when the APEX will occur? November 1st around 6200$.
I won't be surprised that we will use the fork related to BITCOIN GOLD to justify this big break out.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Version française ici : [FR] BTC - Consolidation - Triangle long terme se terminant fin octobre

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

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Fits nicely with the theory that we have begun 5th wave (Elliot), and that predicts a massive top...probably around 7000..But of course fundamental changes can pull it both up and down..
Nice work by the way!

Yeah I saw that some traders have the same target with other TA. So could really happen, let see.

A nice upvote for all the nice and constructive comments. Take care

Thanks.. you too...😁

I am eagerly waiting for people to short BTC so that alts rise and have some epic bull runs. Nice analysis @cryptopassion.

Good luck and I wish you massive profits

wow haha... this means more money to risk takers. many people say that before this year ends the price of bitcoin will reach $7000 and based on this patterns it is really possible. Thanks a lot.

You welcome and an advice, don't listen all what the people say. Make your own opinion

Great work! thank you.

This post has received a 0.78 % upvote from @drotto thanks to: @banjo.

Just another minor episode in Bitcoin's price movement.

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