I tried to explain this the other day, but I made a mess, being tired and sleep deprived.
First, I noticed the H&S forming on the 1W timeframe, shown by VWAP.
Although it's an intraday indicator, I also leave it on bigger timeframes for this purpose. It showed a pattern IN the candles.
I tried at that point to draw it on 1D, but the pattern wasn't so obvious, so I did it on 2D, where it was more pronounced.
When I published the idea, I left the 1D chart on and started talking about 2h instead of 2D.
But, If you look at that idea now, You will see that the pattern is fully formed and clearly visible on 1D.
The idea from the other day is linked below.
Targets remain the same.
If the 27k resistance doesn't hold, we have a hole on VPVR down to 25k, and the full potential of the pattern corresponds with the bottom of the 23k-25k range.
On my trend waves indicator at the bottom, the ribbon turned bearish (purple), the selling aggression is intense (grey wave), and Binance has problems with withdrawals...
If we don't get rejected at 27k, which is possible, judging by the smaller timeframes, we could have quite a pullback.
First, I noticed the H&S forming on the 1W timeframe, shown by VWAP.
Although it's an intraday indicator, I also leave it on bigger timeframes for this purpose. It showed a pattern IN the candles.
I tried at that point to draw it on 1D, but the pattern wasn't so obvious, so I did it on 2D, where it was more pronounced.
When I published the idea, I left the 1D chart on and started talking about 2h instead of 2D.
But, If you look at that idea now, You will see that the pattern is fully formed and clearly visible on 1D.
The idea from the other day is linked below.
Targets remain the same.
If the 27k resistance doesn't hold, we have a hole on VPVR down to 25k, and the full potential of the pattern corresponds with the bottom of the 23k-25k range.
On my trend waves indicator at the bottom, the ribbon turned bearish (purple), the selling aggression is intense (grey wave), and Binance has problems with withdrawals...
If we don't get rejected at 27k, which is possible, judging by the smaller timeframes, we could have quite a pullback.
