BAL/BTC: Potential New ATH in 4 Days? Updated for 2hr Chart!
Hello!
Last night I posted a chart showing my analysis for a new ATH for BAL/BTC by 2/22/21.
I stated," At first I thought that the trend was within a bearish expanding triangle but then I noticed a series of bullish falling wedges nested within the pattern. I also noticed that after each touch to the expanding triangle support BAL would hit a new ATH within 3 to 4 days. I'm proposing that this trend continues and that Bal will hit a new ATH by 2/22/21."
I am new to analyzing charts so I didn't realize that posting my analysis on with daily candles won't be too helpful for folks if the new high is in 4 days so this post is the same chart with 2hr candles.
Let me know your thoughts! I would love to learn more from you all sharing your knowledge and critiquing this analysis.
Good luck!
Last night I posted a chart showing my analysis for a new ATH for BAL/BTC by 2/22/21.
I stated," At first I thought that the trend was within a bearish expanding triangle but then I noticed a series of bullish falling wedges nested within the pattern. I also noticed that after each touch to the expanding triangle support BAL would hit a new ATH within 3 to 4 days. I'm proposing that this trend continues and that Bal will hit a new ATH by 2/22/21."
I am new to analyzing charts so I didn't realize that posting my analysis on with daily candles won't be too helpful for folks if the new high is in 4 days so this post is the same chart with 2hr candles.
Let me know your thoughts! I would love to learn more from you all sharing your knowledge and critiquing this analysis.
Good luck!
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