This Bitcoin Pattern Is About To End In A BIG Way – Bullish?

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In this video we discuss a powerful Bitcoin pattern that will have a major impact on Bitcoin price action over the coming days. We’ll do some Bitcoin technical analysis to determine which direction Bitcoin will head after the completion of this formation.

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ETH
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LTC
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About the Author: Crypto Jebb

26 Comments

  1. Yes significant if we break downtrend, but descending triangles in a bear market have a much greater chance to crack support (6k) then break resistance. Good TA but you never explain both sides of the coin. EVER. but good TA for bull point of view

  2. Yeah! I'm getting excited!
    Hey bro I'm spreading the word about your very affordable but awesome CTAA. I'm so glad you made it so an average person like me with low income can afford it and learn. Thank you bro, God Bless you.

  3. There's absolutely nothing bullish about this market. Nothing whatsoever. I think you might want to listen to some Tone Vays. I think your optimism has you blinded. Bitcoin doesn't respect technicals or market structure. With all due respect.

  4. ETH and BTC trade to the dollar with over a 90% correlation. ETHUSD has hidden bearish divergence on the daily chart. Also, cryptocurren is a fiat alternative and the global banks of the world are performing quantitiative tightening, which is why the real estate markets, precious metals, and tech stocks are getting hammered, the bubble is deflating. More likely than not, Crypto will inch down while global QT works this course and the outlook for the next 30 months (the current schedule for US QT) is bearish.

    I am not going long in crypto during QT & when one of the top coins has hidden bearish divergence.

  5. Good day Jebb, thx4 ur TA & commentary.
    Either direction is certainly possible.
    A few things to consider/ponder:
    1) BTC/Alts represent a fairly new & unique form of economic freedom that transcends many boundaries.
    2) Adoption, implementations & use cases r occurring @ a rapid pace, most of it behind our backs.
    3) Fiat currencies, esp emerging markets r corrupt, failing, going broke all around, BTC/Alts r the fortress, the vault, the store.
    4) BTC/Alts r the most volatile market in the world making anything possible IRT price action/movement.
    5) Huge $$$'s (read Bakkt, ETF's, OTC megalodons, etc) r waiting on the sidelines & can't wait to pounce.
    6) Several TA indicators, MA's & zones r converging.
    IMHO this all points to big movements near term, which way, I don't know, that said, I'm already way LONG.
    Currently, I live in Rect City, hopefully the long ride will take me to the steps of the Taj Mahal.
    As always, do ur own TA/FA, move in/out carefully, set ur stop losses to protect ur a$$et$, don't panic, b brave, HODL the line &
    U shall b rewarded.
    Kind regards 2 all.

  6. The truth is this bear market may run for another 12 months at least. I have said this elsewhere – with over 2000 crypto project, there hasn't been one mass adoption. As much as I want this bearish sentiment to go away, I am realistic to know that this market is very young and that the fundamental value of most leading projects is yet to be felt by the wider public. We need a value-driven bull run. The previous bull run could be said to have been driven by those who felt they were value-investing, but such speculation appear not to have had any real basis or justification. In short, let's see some mass adoption, the market will follow!

  7. That old economist magazine from the 80s hinted a new world currency would rise like Phoenix from the flames of fiat currency on Wednesday…

    Bond markets are currently in big trouble .. Surely not? Lol

  8. I got a daja vu watching this video. It's was like back around july when we were about to break out of the old down trend. If we see a really smooth slow curve upwards, then that will be a good sign.

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