BTCUSD Inception day 16-4-2020, Longer term Forecasting!
Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Today's Note:
Long term it's actually looking pretty bullish. Despite of the bearish pattern and since it's an ascending channel, a bullish continuation is highly probable until the inevitable. It's quite common that ascending channels continues to consolidate for a while.
Waiting for a bounce up movement near but above the support of this channel. Basically similar to the previous wave trend sinus cycle. Then riding the wave up.
To be concluded...
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
- Dashed lines; Possible forming patterns
- Solid lines; Confirmed patterns / Support or Resistance
- Dotted lines; Possible price-action trajectories / wave trend
- Lighten colors = Support | Darken colors = Resistance
Current Pattern Formation Level:
- Alpha pattern: Symmetrical Triangle -> Bullish Pennant
- Beta pattern: Descending Broadening Wedge
- Possible Echo Pattern: Ascending Channel
Today's Note:
Long term it's actually looking pretty bullish. Despite of the bearish pattern and since it's an ascending channel, a bullish continuation is highly probable until the inevitable. It's quite common that ascending channels continues to consolidate for a while.
Waiting for a bounce up movement near but above the support of this channel. Basically similar to the previous wave trend sinus cycle. Then riding the wave up.
To be concluded...
