BTC/USD Crocodile pattern forming. 2018.07.26

1 hour candles

As you can see on the hourly candles we have a very clear huge crocodile pattern forming. The crocodile mostly swims sideways and will sink their teeth into bears and bulls. This is going to scare both bulls and bears, keeping everybody on their toes.

Disclaimer:

This information is to record and preserve on chain my observations of this technical analysis system, I do not advise making trades with real money from this information. You may lose your shirt or other spurious items of clothing with a possibility of starvation and death if you trade on this information.

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35 upvotes $4.92

Replies (12)

dailyxkcd

@dailyxkcd·Jul 26, 2018, 8:00 AM UTC

wow you spent some time on this. Great work.

0 upvotes 1 downvotes $0.00

ResteemSupport

@resteemsupport·Jul 26, 2018, 8:00 AM UTC

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0 upvotes $0.00

Georgian

@kmayegaindia·Jul 26, 2018, 8:02 AM UTC

@k3t3r if ETF get approved then it can swim and come to bull but if not thenit can sink. But nothing is sure in this cypto market.

2 upvotes $0.00

k3t3r

@k3t3r·Jul 26, 2018, 8:12 AM UTC

yh, it took me months of price manipulation and cost millions of dollars to get the chart to look a little bit like a crocodile.

0 upvotes $0.00

k3t3r

@k3t3r·Jul 26, 2018, 8:14 AM UTC

even if ETF gets approved who knows. I think making predictions is the wrong approach to the crypto-market. The best approach is to have a prepared strategy and react to moves which ever direction.

0 upvotes $0.00

The_Wakeham

@stevewakeham332·Jul 26, 2018, 8:53 AM UTC

After price was rejected at $8,500 two days ago, it has since struggled to determine which direction it will head next. There has been lots of speculation for downside and upside potential but neither have yet been confirmed. With the amount of speculation of the bull run activated, a large amount of money has been since invested into Bitcoin, being the most likely reason price has been able to hold fairly steady and reject a sell off or a major push higher.

On the 4hr chart it is obvious of a base that formed at $8,100 where price has previously found support/resistance which allowed price to bounce steadily back to$ 8,270. This small base and steady bullish movement away from this area could be enough to result in a retest of $8,500.