Re: If Bitcoin Repeats History? 5 Part TA Series On Descending Triangle Breakdowns

End up week updates for all active patterns.
Main updates include 2012 descending triangle no longerappearing relevant (now labeled as inactive).
2014 slow grind reversal now looking more relevant again so now considered similar (sorry folks).
Part 6 & 9 (TD based analysis) are playing out nicely so worth looking at again.

Quote from: dragonvslinux on September 29, 2019, 12:54:57 PM

Analysis & Status

Similar (8] | Relevant (1) | Irrelevant (1)

Short (7) | Neutral (3) | Long (0)

Active (7) | Completed (2) | Inactive (1)

Updated: October 28th 2019

Part 1: Descending Triangle Looking Similar To 2018 (Short - Active)

Comment: Broke down too soon for confirmation of similarity. Could still follow same pattern but less likely

Part 2: Measuring The Move of the Descending Triangle Breakdown (Short - Active)

Comment: Broke down as expected with a delayed but eventual re-test of triangle resistance, still awaiting for target.

Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low (Short - Active)

Comment: Price is returning to the path of a "slow grind" reversal as well as notably fallen to a similar breakdown level.

~~Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown~~ (Short - Inactive)

Comment: Broke down as expected but by re-testing triangle resistance it has invalidated the continued sell off into a range.

Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario (Short - Active)

Comment: Broke too soon to confirm Daily descending triangle target. The re-test of triangle resistance was late, but now returning to similar breakdown pattern.

Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1 (Neutral - Active)

Comment: The engulfing green monthly candle (yet to close) looks to be taking the bullish path of the continued bull-run, despite still being a Red 2.

Part 9: TD Sequential 9 Next Week To Decide Direction? (Neutral - Active)

Comment: Despite price flipping from a Red 9 to a Green 1, price is none the less now following the path of the "bullish TD 9".

Part 10: Extrapolating the 50 & 200 Day MA bear crosses (Short - Active)

Comment: Price is currently following the 2014 and 2015 death cross route with a target of $12,000 by the end of the month, could still go either way.

Own work: dragononcrypto

No longer updating patterns that were previously declared completed (Parts 7 & 8 ):

Quote from: dragonvslinux on September 29, 2019, 11:47:30 AM

Other Indicators

Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
~~Part 7: Another Bearish Bitcoin Indicator: 200 EMA & MA Bearcross~~
~~Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern~~
Part 9: TD Sequential 9 Next Week To Decide Direction?
Part 10: Extrapolating the 50 & 200 Day MA bear crosses

~~Completed Patterns: no longer relevant~~