Updated

A short term idea for BTC that could have a Significant outcome

I think... that this pennant or triangle that i drew could play out, its just for me there is not enough data that i have that would give me bias that it's going to shoot up or down, id take a look out for TTM squeeze watch formation, RSI divergences and Bullish or Bearish candle stick patterns on the smaller time frames

Note

so.... Keep in mind I trade on Bitmex.. Um apparently in like an hour from now funding will happen for longs, and... there is a TTM Squeeze watch.. on the 2hr, that at First... it was losing momentum, which i was banking on cause.. there was some Hidden bearish divergence on the 30-45m timeframes.. I think... that passed.. if we fire long, unfortunately... HOPING... if fires long.. and doesn't just Go the other way, because i know how the ttm squeeze indicator can be (-_-)... The reason is because, we are now Going back up momentarily which is causing the momentum on the histogram to stay on its course, or even it could grow.. making it last longer.. and perhaps just in time to fire, i figure this because 1. Scalpers that were shorting, were now longing, and other traders as well trading these moves, and funding will keep it higher.. Perhaps.. making the this Bullish ttm squeeze watch last long enough to potentially fire long, and break out of this, and maybe make some higher highs,- But only from the current local low that were on, i don't really have any targets, but, im thinking something above 6500

Note

Okay, so... We almost out this b and... i see that 30m ttm squeeze fired short, 45m is dead... any bullish ness on the 45m ttm is gone.. and the 1 hr ttm, has the tiniest bullish monetum it could turn at like any moment, and the only one with an argument was the 2 hr ttm squeeze watch, and its dying... so keep a look out for that, also, keep in mind it's been rough coming up even 40$ and it was a lot easier to come down- so as of now, im more Bearish... atm

Note

btw... when i said funding will keep it higher i meant psychologically not like... actual trend determiner, i figured people would jump into longs for funding and that might have a small and thin layer of upward support, forgive me if you guys thought i meant that actually does something significant, via by itself. -Talking about bitmex btw..

Note

Due to a certain break of my original triangle and the fact that that it didnt go down to the floor..., tells me BTC has extended the life span of this triangle, so... I don't expect a REAL BREAK from my current chart anymore, I will see if i can update my chart, or just post a new idea, 3 triangles in total were drawn, first one broke..increased the triangles life span, and now a second time, This because i thought the trend lines that i drew, were finite but i had to re draw the bottom trend line like twice now, so this will take even longer, Watch out for any Bearish or Bullish signals, But... to be honest i'm bearish still, sort of, lets just say im not even 73% sure of my short that i currently have, but people are bearish all around, very few bullish ideas, At least from what i have seen so far

GonzaloCelestino

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GonzaloCelestino