Dear Jebus pleaze protect this spaceship and all those who reside in it.
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It's make or break time. If we don't make it past 11700 with this push, we are heading into.beaf territory for an extended.period.of time.
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Bear lol
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So I cleaned up some of the lines on my bitcoin roadmap chart and there is a clear point of intersection between the resistance lines and the dotted green line... obviously, there are two interpretations of this if the timing works out as shown. 1st Bitcoin breaks free of its chains... or 2nd the resistance lines join forces to become even stronger. I'm really scared that it will be the latter, so I will be preparing as we get closer to that point (again, if the timing works out that way), as if the second interpretation will take place.
So I cleaned up some of the lines on my bitcoin roadmap chart and there is a clear point of intersection between the resistance lines and the dotted green line... obviously, there are two interpretations of this if the timing works out as shown. 1st Bitcoin breaks free of its chains... or 2nd the resistance lines join forces to become even stronger. I'm really scared that it will be the latter, so I will be preparing as we get closer to that point (again, if the timing works out that way), as if the second interpretation will take place.
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A pole for a bull flag has formed on the 1hr. The pendant should be created right inside the triangle wedge formed by the two blue lines.
A pole for a bull flag has formed on the 1hr. The pendant should be created right inside the triangle wedge formed by the two blue lines.
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not to state the obvious, but basically, every single crypto is forming or has formed some sort of bull flag...
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I was wrong about the where the pendant would form, so we still have a long ways to go (I'm working on developing my patience). A lot longer than I had originally anticipated, but I've only been trading for 6 months and doing forex for 2, so I hope you'll cut me a little slack. I believe the 11700 mark - or 12k as people have been saying it - it's really 11700 at least for Kraken, will hit (per the original chart above) at the cross between the dotted green line and dotted blue line, so somewhere around 7am to noon. I have 2 different factual patterns giving me a range, first is the original chart (since modified slightly, for my purposes, to be the above - I reaaallllly wanted to know when we were crossing 11700), the second is a 15min chart that you'll find in the "Fractals Fractals Everywhere" post. After that, you can see when the cross to the ~12800 - 13k line would be. I want to go against the sentiment of most analysts out there and say that I do not believe that we will go to 14k straight away. The bulls will fail at around $13,500, and that figure will be fleeting. We won't be able to close at or above it, at least not on a 4 hour scale. However, the correction afterwards should be slow and minimal. The new base will from which Bitcoin will operate will be $12500ish, at which point Bitcoin will bounce around, while the alts have their day in the sun. If all that comes to be, you know who to follow :)
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dash to the finish right now
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I'm moving on to the "Oh Bitcoin, you..." chart. This chart is officially closed. It will cross the dotted green line singling a run towards 13.5k.