HS is very liked by btc this season. The current reversal looks a bit like it is printing right sholder. I would never bet this happens but maybe that is exactly why.
Cool, we can confirm channel and create a triangle in the same time. Bitcoin loves it
Even if 1h is losing momentum on my charts, 4h is still gaining momentum so u less a wale get overbought signal and sells in an impuls we will stary here till we lose it or go higher. What do you think?
This is only profit taking. The real target is higher
In this case the bet is always for a movement towards the horizontal line. In this case upwards.
this is a continuation of this idea:
Sorry I couldn't update when my scenario was canceled. This is my current plan.
The channel has rejected the hourly trend and both 4H (not visible on the chart) and 1H, gauss momentum is slowing (gaussian smooths blue and read). We also have a previous mean to confirm. This is a continuation of my previous idea:
You can expect the same think as in circle
Hi. First thing to note, the price formula of my chart is the approximation of log function not some random mumbo jumbo. This way when I copy a line and move it on chart it doesn't get distorted by log scale (that's what I did with blue line) I've started counting waves and their proportions and I don't like that in biggest degree of fractal our ABC did not work...
falling out one channel now we are under rule of the next one or an auxiliary support line
Two failed hits for mean. Either will see rebounce from trendline or more downtrend.
over 100ma in 1h and 4h and lots of space upward to recover
Looks like the C move was of the same size as the A move.
If you go under mean of falling channel you will hit the bottom again
Call me a fool but it reallu does look like adam and eve double bottom. thepatternsite.com