The 2hr of BTC.
Just taking a look. Keeping my ideas open.
I am looking for Stoch to show max seller pressure with 3x %K %D crossover points similar Oct. 23 - 25th range with another dip close to -472.
I am looking for a 25 degree channel bottom curve to confirm another leg up on the 2HR timeline. This would give us a pullback to around 8,400 (61.8%) before another leg up to 11,357 pushing 11,500. This would be ideal to show around point B and also confirm the hourly trend is rising and staying above the purple thick line which represents the top of the bigger channel.
Hope you like this idea, this follows today's post ideas on BTC I made earlier today. Please be aware we are still in a down channel and LINES ARE JUST LINES! They only help guide us with price movement and max range degrees/percentages based off supply/demand the market shows.
This could have been am impulse back to the top of the channel but expand a little and FAIL back down continuing lower. Basically coming back up for 1 more breath of air before diving deeper in price. If that happens we fall back to the dashed line on the bigger channel.
With the amount of recent volume and growth the bulls are in the lead against the bears in the short term. But we need to confirm this is a trend change out of the channel or just temp. momentum? Better to see slow growth than rapid and fast and I personally still want to see some lower prices but if this continues to create bullish accumulation inside this mini channel we can easily impulse again...and just a bit higher this time ;)
The bear scenario: This is the HEAD of a head n shoulder pattern leading us lower. And this breakout is false and fails by end of the month.
Lets see what happens!
I am looking for Stoch to show max seller pressure with 3x %K %D crossover points similar Oct. 23 - 25th range with another dip close to -472.
I am looking for a 25 degree channel bottom curve to confirm another leg up on the 2HR timeline. This would give us a pullback to around 8,400 (61.8%) before another leg up to 11,357 pushing 11,500. This would be ideal to show around point B and also confirm the hourly trend is rising and staying above the purple thick line which represents the top of the bigger channel.
Hope you like this idea, this follows today's post ideas on BTC I made earlier today. Please be aware we are still in a down channel and LINES ARE JUST LINES! They only help guide us with price movement and max range degrees/percentages based off supply/demand the market shows.
This could have been am impulse back to the top of the channel but expand a little and FAIL back down continuing lower. Basically coming back up for 1 more breath of air before diving deeper in price. If that happens we fall back to the dashed line on the bigger channel.
With the amount of recent volume and growth the bulls are in the lead against the bears in the short term. But we need to confirm this is a trend change out of the channel or just temp. momentum? Better to see slow growth than rapid and fast and I personally still want to see some lower prices but if this continues to create bullish accumulation inside this mini channel we can easily impulse again...and just a bit higher this time ;)
The bear scenario: This is the HEAD of a head n shoulder pattern leading us lower. And this breakout is false and fails by end of the month.
Lets see what happens!
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