BTCEUR Pattern, lines - short term

Updated

These are just lines to demonstrate a pattern. It doesn't say anything about the direction, because the result of this pattern is the combination of several markets and numerous individual decisions. Nevertheless, bots have a tendency to act rationally, hence the fomation of patterns that refelct the optimal mathematical solution. I'm just interested in seeing that live, as it forms.
I am a sculptor, not a trader.

Note

The bottom blue line is actually a little bit too high, not much.

Note

We just crossed the bottom blue line. I drew it too high.

Note

...and because of that, the black line was also a bit high. We seem to have crossed it now.

Note

I do low key expect it to go up more, to the yellow line. If it crosses the red Fib, I guess that if you want to sell it could be there. But who is to say it will really correct after September 13th.

EZ89

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.