All three patterns work within the confines of the Big W Pattern. With the differences being whether the 4th fractal exists at all and whether we are about to escape from the symmetrical triangle portion of fractal 3 now, or much much later. When I look at the other coins poised for a big breakout, I can't help but think that the red overlay is out, but then I come back to the chart for BTC, and all I can see is the red overlay... so ¯\_(:/)_/¯.
Note
RSI is showing bullish divergence on the 15-1hr charts. And the bearish divergence that's been showing on the 4hr for the past 2weeks has gone away. RSI on the 4hr and day charts are now well below overbought territory, I think we're in for a big boost upwards.Note
forget this chart. Follow my "WE ARE GOING PARABOLIC RIGHT NOW!!!" chart. You'll thank me later :)Note
we're just gonna march up this triangle, nice and easy. Don't make any sudden movements, Bitcoin gets jumpy.Note
if I was being completely honest, I would say all three options presented on the chart are still possibilities, although I don't think, with no solid evidence, that things will happen that way. The top two may be better in the long run for the crypto market as a whole, but we're going to be too greedy to look at the long run, that's just the reality..Note
don't exit anywhere. HODL!Disclaimer
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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.