I found this interesting pattern repetition on the BTC chart Would suggest we go to around 6k and bottom out there. PS: Its the 4hr chart. First marked zone is after our last drop. Notice how it made almost the same pattern again.
It might retest Its lowest point but i wonder if it Will we have to see
Ore can it be a higher low. some things about to happen and i have no clue
Yes that would be great. I believe a higher low will signal strength to investors. Even if its only just 100-200$ higher.
jepp average normal pattern
Shorts are close to all time high
I know. That is a bulish signal. However if we get the drop to 6k shorts may make a new alltime high
https://www.tradingview.com/x/Pt07nuWK/
looks like i hitting the target, but missed the time frame, but happy as a green horn . https://www.tradingview.com/x/Pt07nuWK/
Great, the timeframe is sometimes skewed by a few days/weeks/months
I think in general people measure the neckline to the bottom of the “head” to get the target. If you did that you’d be right on point ;). Congrats to us though
Nevertheless looking at the RSI and STochastic RSI I wouldnt be too surprised if we drop heavily in the next 20 hours or so.
ETN Trade still looking good. Hovering between 80 and 84sats.
We might drop a little but i see an upward move from bitcoin for a little while however i think before september ends we might see it dip a bit lower again before it Will push higher again
I believe this is a great indicator for BTC trend, up, down.
https://www.tradingview.com/x/7RKIx0wD/
And to compare
https://www.tradingview.com/x/Efgc2jHV/
wtf, ETN just spiked to 225 sats on liquid https://app.liquid.com/exchange/adv/ETNBTC?v=new
Asia is buying guys or FFS (fat finger syndrome)
lol i have to login and see with my own eyes:)
please do, i’m not kidding
i am in and watching
very low volume though.
i agree, but there is movements in the water
I seen that Spike happen to @RSKNOR hopefully they keep on buying get the trades going asia! And ETN might go trough the roof
ETN showing some signals of strength in the last 24 hours. Peaking at around 87sats and also that crazy spike on the liquid exchange. Support still over the tripple bottom at around ~81sats, RSI and Stochastic RSI are looking decent enough for some more upside. On the hourly stochastic RSI is oversold. Still a decisive breakout over 91 sats would be great but for that we need more volume. Currently volume is still very low at around 200k$/day. I’m not seeing anything special at the moment. So we gotta wait
What do you guys think ?