PAYBTC : falling wedge

in #bitcoin7 years ago

Hi everyone,

Today I would like to show you a TA on the PAYBTC chart.
There is different patterns on this chart.
Here is the virgin chart, without any analyst :

In the historic, we had a pattern called falling wedge (I will explain what is this pattern in a futur "pattern bible" post).
Since we broke the falling wedge, we made almost +100% profit.

Now we are again in a new falling wedge (the red one)

I am currently waiting for the price to cross the upper resistance to get in. This is for a short term target.

For a long terme target :
We also have a Chuvachov's Fork (in green). If you want to invest in a long term view, I suggest you to wait until we break the second downtrend.

Thanks for reading!
Don't hesitate to comment & upvote if you liked it.

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Sympa l'analyse !

Si j'ai bien compris sur la 2ème image, si le cours traverse de manière franche la ligne bleu des chandelles supérieurs, alors le cours à de très forte chance de grimper.
Et si c'est celui du bas, le cours doit chuter ?

Merci ;-)

Exact, si on break un falling wedge par le haut, alors le prix est susceptible de monter. (Ce qui s'est passé sur le falling wedge bleu, quand on a break on a quasi fait +100%)

Impec ! Merci pour la précision

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