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En Fri Mand
replied 2279d
Fnuller15
Do you think it will happen? It seems very strong right there.
Fnuller15
replied 2279d
Yes - I am convinced BTC will break down through that level. "The more time support is tested, the weaker it gets" is a saying in trading. BTC has tested that level 4-5 times now...
Fnuller15
replied 2279d
Sk8eM dUb
replied 2279d
IDK if that applies to diagonals. If it does, it's a horse-a-piece https://www.tradingview.com/x/luDu6PTp
Fnuller15
replied 2279d
I was thinking more about the horizontal support zone of ~5900-6200 - but who know we could also get a temporary bounce be breaking the diagonal downtrend line - and then a dump...
Fnuller15
replied 2279d
Due to a failed breakout. In general I'm just very bearish for BTC...
Sk8eM dUb
replied 2279d
Harmonic patterns have worked 9 out of 0 times for the past couple months. IDK if it has anything to do with Wall Street or whatever but at this point I think it's a 50/50 call.
Sk8eM dUb
replied 2279d
9 out of 10*** lol, my #1 key is busted
Fnuller15
replied 2279d
Well - it's more like a support zone (as you point out in your chart) than an exact line - I still think it applies and I think that the support zone will be broken