BitcoinLong
BTC/USD - Coinbase Upside down Head and Shoulders idea
So.. Basically let me start this by saying... on average on the daily i'm long... anyway
Now. On the 4 hour I see a potential head and shoulders. I have seen slanted upside down head and shoulders happen before so i think this will play out maybe idk, I have made some blue lines so you see what I see. The Orange, Yellow and Green lines represents areas of "wiggle room" i give my chart until I go, okay this is not happening LUL. There are some potential patterns that are also could play out, Ive outlined them in black, 2 different wedges 1 inside of each other and at the moment i'm writing this I have roughly 8 minutes for a small bull div on my awesome volume indicator to confirm that bull div, so by the time i finish and go to sleep, it might rise. Also Ive made a rough mark of my target represented by a small check mark in green, basically 8540 - 8610 is kind of my target area, I have also made a pathway for how price action will bounce around within a certain angled range and based off that angle is how I decided on a target. Its a little wild.. I don't usually make calls like this but considering how the daily was looking on the ttm.. so far so good, The short term things is also giving good signs at the moment to support bullish sentiment anyway. Hope you like this ballsy meme, if i'm wrong.... shape wise.. I'm not really surprised. If I'm wrong in the coming days for being in some form of bullish sentiment then.. 60% of me needs to be more carful with non leading indicators and 30% of my needs to re-evaluate my life. This is a meme chart, Would I take a trade on this? Maybe not in the next 4 hours.. id wait a candle or two to re-affirm certain things, regardless of this chart we seem to be in a delicate area where we could touch down a lot lower even if its temporary considering any... "wiggle room" with or without my idea for bullish momentum
Enjoy safe trading. btw.. i made this chart on the line chart. I try to stay away from wicks when i'm trying to actually find support for anything. Wicks for me are like... the asteroid belt of a solar system in way, its like the farthest possible support or resistance area. so yeah gl.
Now. On the 4 hour I see a potential head and shoulders. I have seen slanted upside down head and shoulders happen before so i think this will play out maybe idk, I have made some blue lines so you see what I see. The Orange, Yellow and Green lines represents areas of "wiggle room" i give my chart until I go, okay this is not happening LUL. There are some potential patterns that are also could play out, Ive outlined them in black, 2 different wedges 1 inside of each other and at the moment i'm writing this I have roughly 8 minutes for a small bull div on my awesome volume indicator to confirm that bull div, so by the time i finish and go to sleep, it might rise. Also Ive made a rough mark of my target represented by a small check mark in green, basically 8540 - 8610 is kind of my target area, I have also made a pathway for how price action will bounce around within a certain angled range and based off that angle is how I decided on a target. Its a little wild.. I don't usually make calls like this but considering how the daily was looking on the ttm.. so far so good, The short term things is also giving good signs at the moment to support bullish sentiment anyway. Hope you like this ballsy meme, if i'm wrong.... shape wise.. I'm not really surprised. If I'm wrong in the coming days for being in some form of bullish sentiment then.. 60% of me needs to be more carful with non leading indicators and 30% of my needs to re-evaluate my life. This is a meme chart, Would I take a trade on this? Maybe not in the next 4 hours.. id wait a candle or two to re-affirm certain things, regardless of this chart we seem to be in a delicate area where we could touch down a lot lower even if its temporary considering any... "wiggle room" with or without my idea for bullish momentum
Enjoy safe trading. btw.. i made this chart on the line chart. I try to stay away from wicks when i'm trying to actually find support for anything. Wicks for me are like... the asteroid belt of a solar system in way, its like the farthest possible support or resistance area. so yeah gl.
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