so yesterday I noticed a support region that will have a strong impact on price over the coming month to 2 months as we work through this possible ABCDE pattern. Previously in MAY - JULY 2017 we had a similar pattern with a similar support region that I will post in the comments below.
CLOSE UP VIEW OF POSSIBLE PRICE ACTION
Why is this pattern so important?
Because it gives BTC the necessary support needed to push higher, without a back test of support there can be no SUSTAINED growth. like many charts we see moving straight up, the correction result is straight down, so do not be alarmed when we reach the upper zones of this triangle and we start to turn down, use it as an opportunity to create opportunities or yourself by following this pattern.
At the point of the previous ABCDE pattern BTC saw 6x growth. While that may not be possible(or it may be) I definitely see 2-3 times growth possible in the current market. This pattern also give strong support under the $10,000 price point which will gain media interest and public support to move the price higher. A stable price is seen as a more secure investment.
YESTERDAY'S CHART
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
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