First Post - Thoughts on BTC - 05/29
I am personally expecting BTC to have a little pop up to ~$9200 before the eventual downfall.
I believe the move in ETH will be further propelled by the price action.
I am currently charting a bull-flag on BTCUSD, with a recent breakout of a falling wedge on ETHBTC, and ETHUSD in a current ascending triangle.
Critique the sh*t out of me please. lol
as you saw today, BTC price action had the little pop up to 9100 area. the volume was super weak and resulted in an immediate return back to the 8600 area. that exhaustion candle will likely be the catalyst for the downturn. the result of your analysis happened to be on point this time around. good job!
let's see what happens to ETH. i'm certainly excited about it