Bitcoin in a triangel? Could it go down to 12300-12500 before it starts its Bull run?

in #bitcoin6 years ago

I think it looks like Bitcoin has been in a triangle all the time since the last big down and that it now starts its final dip before it starts a new race upp.
Elliotts (correction) Triangle Wave in a triangleform like this has E as the last bounce and that will be around 12300-12500 i guess.
bitbull.JPG

Another possibility is the flagformation in the top of the tringle where Bitcoin works right now. Its a simular formation but a flag insted. Its small and i don't think that it has the force to go through the heavy resistensline.
You also se that its formed the other way around. The E ends att the top of the flag.
I think one can draw it like this an if thats the case it should bounce downwords through lower resistence line (or what its called in english):)
We'll se what happends tonight (at least in Sweden:)).
I have just sold my Bitcoin an will wait untill it drops down in the bottom of the triangle.
God trading night
flag2.JPG

THIS IS JUST MY THOUGHTS ABOUT BITCOIN RIGHT NOW AND SHOULD NOT BE SEEN AS A TRADING ADVISE.

Sort:  

Congratulations @hasse, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.


Thumbs up for Steem Network´s strategy

The proven road to boost your personal success in this amazing Steem Network

Do you already know that awesome content will get great profits by following these simple steps, that have been worked out by experts?

Congratulations @hasse! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.19
TRX 0.12
JST 0.028
BTC 65566.66
ETH 3559.87
USDT 1.00
SBD 2.48