- Here is my new game plan. I was considering different options here including this one below (bullish symetrical triangle):
- but I will stick to the bat patern for now which seems more likely patern to me. Harmonics are very powerfull
and also fitting the idea of inverted head and shoulders patern which is actually made of other harmonic formations as you can see below. Dropping volume on the right shoulder is textbook for the inv H&S
s3.amazonaws.com/tra...shots/d/dU2tjXra.png
- also bitcoin likes paterns inside paterns (bitception) and here we can see that bullish bat would fit nicely repeating the bigger patern here in smaller timeframe. Very similar fractal could form here
If You want to play safe, wait for a breakout from the red triangle. I believe the ~7600 area might be the bottom we are looking for. If not it should give at least a decent bounce from the bullish bat
Good Luck
코멘트:
Bouncing to possible wave 2 going good for now but as we are still remaining in the triangle I'm also considering my primal idea. Wondering if 4h cloud will provide enough support to do this. Observe the price action and be prepared for such posibility
코멘트:
Ok. Looks like triangle finally resolves and it resolves downwards. Seems doing wave 3 now.
코멘트:
Here is updated count I got:
코멘트:
and here for the main waves
코멘트:
Patern seems complete to me. Should be going up from here
코멘트:
Ending diagonal
코멘트:
Fractal tells the same story
코멘트:
This went lower than expected. At least fractal was on point with the low level. High probability it will bounce here to 7800-8000. Not sure what's next just yet. Have to analyse it more and see more price action and its strength
코멘트:
4hr divergence + diamond bottom forming? Possible bounce to $7500
코멘트:
Bounce weak for now. We might be in a bearish pennant still..
코멘트:
And here it goes. Drop to around ~$6000 I believe
코멘트:
Drops are over. April is bull teritory
코멘트:
코멘트:
We have just also completed bullish crab as another confirmation of coming bull moves
코멘트:
After todays sharp drop, I am still bullish
- Still no lower lows
- Weekly and daily Stoch are pointing up
- Plus it might be forming diamond bottom patern.
It's not confirmed yet but it's worth watching as it behaves as such
- Still no lower lows
- Weekly and daily Stoch are pointing up
- Plus it might be forming diamond bottom patern.
It's not confirmed yet but it's worth watching as it behaves as such
코멘트:
What I see is double bottom. Need to push through 6650 and hold for confirmation.