hello,
while i was looking at bitcoin earlier this afternoon i noticed a few things that could play a role in the future roadmap.
on the right chart you see the macro view
here I see we could make another huge head n shoulders if it would go down now like RSI, Market Cipher and other indicators tell us
what I also notice is that the logical and symmetrical target for the right shoulder would be approximate the same as the left shoulder and what we find exactly there? a CME futures GAP
what else we find there? The gap is exactly between the 0.5 and the 0.618 Fibonacci retracement of the hole last run from 50500 to where we are now..
what else I note is that on smaller timeframes you can see how we made inverse head n shoulders pattern one after the other becoming bigger and bigger. now the last one might be in the making the mega IHS that brings us to the 70k area measured move.
other things I noticed is the previous IHS from FEB- March.. the measured target from it has hit the target perfectly and marked our current ATH top.
also notice that there was a CME gap involved as well which has been filled on the same day.
the horizontal lines and dotted lines are monthly weekly and daily candle close pivots
I also measured the length of the move from the lowest point from the first IHS to its target (current ATH) with the long green arrow. i copied that and placed it to the current IHS lowest point.
the short green arrows are the measured targets of the particular IHS.. slightly different size to each other..
i hope i was clear enough and this makes sense.. you can also watch the video how i made the chart on youtube
on the left side we see the smaller timeframe and the btc usd chart on ftx perp
here we can clearly see a bearish pattern called the rising wedge with its downside target pointing also to the CME GAP
while i was looking at bitcoin earlier this afternoon i noticed a few things that could play a role in the future roadmap.
on the right chart you see the macro view
here I see we could make another huge head n shoulders if it would go down now like RSI, Market Cipher and other indicators tell us
what I also notice is that the logical and symmetrical target for the right shoulder would be approximate the same as the left shoulder and what we find exactly there? a CME futures GAP
what else we find there? The gap is exactly between the 0.5 and the 0.618 Fibonacci retracement of the hole last run from 50500 to where we are now..
what else I note is that on smaller timeframes you can see how we made inverse head n shoulders pattern one after the other becoming bigger and bigger. now the last one might be in the making the mega IHS that brings us to the 70k area measured move.
other things I noticed is the previous IHS from FEB- March.. the measured target from it has hit the target perfectly and marked our current ATH top.
also notice that there was a CME gap involved as well which has been filled on the same day.
the horizontal lines and dotted lines are monthly weekly and daily candle close pivots
I also measured the length of the move from the lowest point from the first IHS to its target (current ATH) with the long green arrow. i copied that and placed it to the current IHS lowest point.
the short green arrows are the measured targets of the particular IHS.. slightly different size to each other..
i hope i was clear enough and this makes sense.. you can also watch the video how i made the chart on youtube
on the left side we see the smaller timeframe and the btc usd chart on ftx perp
here we can clearly see a bearish pattern called the rising wedge with its downside target pointing also to the CME GAP