BTC/USD - Coinbase Messy.. debatable.. patterns and movement

1 ก.ย. 2019

So I have decided to put this chart as "Neutral" simply because of how wack this idea is. So, I was looking at the 45m and I have been just messing around with the lines and managed to make some form of Scuff diamond bottom? Which is bullish sure, we also... could consider it being a diamond top where it's like one of those continuation patterns and the thing is now that time has passed I am on the edge because I'm looking at the ttm squeezes on the smaller time frames outside of the 4hr excluding the 15m and lower... anything above that seems to be curling down what does mean for the 4 hour? well... The sad news is I have seen this all before. If the ttm squeeze watches fire short on bigger and bigger time frames, it will complete a rainbow of the ttm histogram, which will lead to a bearish ttm squeeze watch to then ultimately fire short on the 4 hour, It still seems that the 4 hour still has strong dominance but the longer we are in squeeze watch this just might tumble down.. Im still on board bullish for now, Im not gonna get married to no single idea but yeah just fair warning. Also more importantly.. regardless of my "pattern" diamond bottom or top being valid, this could just be a flag to further go down or a bart to the upside but either way I will be watching very closely.

1 ก.ย. 2019

บันทึก

Sometime later I do not know if i'm going to do it today or not.. but, I think the move down we we did as a result.. was the completion of a whole fractal on BTC but I will post it maybe tomorrow or.. something idk stay tuned

1 ก.ย. 2019

บันทึก

Welp whether this has been a valid diamond or not.. if anything it was in a triangular squeeze. Obviously with this many ttm squeeze watches whether I saw a triangle to try and make sense of it all, something was prepping up to pop. In any case so far so good ladies and gentlemen, some squeeze watches have begun to fire, hopefully this train of squeezes to the long side keep happening. This is starting to look saucy. Also keep in mind.. watch for volume or rsi divergence just in case, also be aware of valid levels, horizontal and slanted support lines. :) stay safe