Recent: slopechart_$BTC.jpg

slopechart_$BTC.jpg

Did some quick research to see if my unknown could become known. 

 
– In 54% of cases, there is a bearish breakout. 

– In 54% of cases, the target price can be reached when the support is broken. But when the bearish slant is broken, the percentage goes up to 84%. 

Some advice here about 2/3 plus of the pattern getting filled in makes it invalid. We are about there right now. 

Also, lots of room to puke here and just make a bigger descending triangle for June and July. (eyeballing most recent low) 

4% 

Edit: red line is what appears to be critical price support from the run up many moons back.

Image added via SlopeCharts
slopechart_$BTC.jpg

Comments

No comments yet.

...