___|  _ \   |  |    |   |_ _|\ \     / ____|
 |     |   |  |  |    |   |  |  \ \   /  __|
 |   | |   | ___ __|  ___ |  |   \ \ /   |
\____|\___/     _|   _|  _|___|   \_/   _____| 

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

ETH breakout case study - BTC will repeat

BY: @ramanbindlish | CREATED: Jan. 9, 2018, 6:22 p.m. | VOTES: 3 | PAYOUT: $0.21 | [ VOTE ]

Here is the chart of Ethereum breakout from triangle on 4hr chart

https://steemitimages.com/DQmW4sEU6Mcn4ru8mPnBUtZAs2ASwNKJwqveH5hi3GYDBk6/image.png

Now look at BTC setup on the daily and how it can make a big move on breakout. It can breakout on either side due to huge run-up last year. But it is taking strong support on 50D moving average and hence better chance of following ETH footsteps and make a new ATH.

https://steemitimages.com/DQmR5J5VKSP98nztoV4szN2ZQxtBmpRxpWiyMgsPzka71z7/image.png

TAGS: [ #bitcoin ] [ #ethereum ] [ #charts ] [ #money ] [ #cryptocurrency ]

Replies

@felipehukken | Jan. 9, 2018, 6:23 p.m. | Votes: 1 | [ VOTE ]

good point of view

@ramanbindlish | Jan. 9, 2018, 6:36 p.m. | Votes: 2 | [ VOTE ]

Thanks. I think this consolidation of BTC around 15k is very good for long term trend.

@felipehukken | Jan. 9, 2018, 7:40 p.m. | Votes: 0 | [ VOTE ]

I agree, this scares the enthusiasts and make the growing more natural and trustfull

@ramanbindlish | Jan. 10, 2018, 6:26 p.m. | Votes: 1 | [ VOTE ]

We got a good bounce from lower end of triangle. I am really confident in this pattern now. Let us hope it breaks out upwards rather than downwards. At least we should see a bounce to 16k area in short term as per the pattern.

@thomasfarley | Jan. 9, 2018, 6:24 p.m. | Votes: 1 | [ VOTE ]

Thank you for the analysis bro, loving the signal!!

https://i.imgur.com/nWwJndu.png

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