You know what to do. I would only say it's valid when the top of the line is broken. Then enter around zone at for best entries and good RR. It's RISKIER than my previous fractal because the structure is premature. I made it as elementary as possible. Hope this works out and I'll be updating it when things change/go according to plan.
Due to the previous Gap in BTC chart, triple top pattern is more probable to be completed.
So, this is what it should goes Like. And like always , this is not a financial advice.
We've just hit some very strong resistance(red box). I'm very bearish on this,i don't think BTC has seen the bottom just yet. Most likely scenario : BTC price will lose most of it's gains from this FOMO rally,returning to the support levels (green box)
reads before u like this. i had found a similar pattern that happens over and over during consolidation period, these patterns mostly broke the trendline/support/resistance at the wave 5. The longer the waves, the bigger it impacts however, each trader have different perspective to determine the trendline/support/resistance and the waves itself. here those...
look in inverted scale, market behavior still no change at all i'll show u in this picture
This idea is made for educational/long term investing purposes. It tries to prove that #BTCUSD , on the log_10 chart, is following a similar pattern to the to graph produced by the y=Log_e (x) +1 function. The gray lines are the support resistance lines with their angle lines on the side. The purple lines are constructing a potential trading zone. With light...
Hi All, Hope all your trades are going well, It's All in the Chart. "Be Brave, Be Deterministic, Overcome The Odds, It can be Done." ― Stephen Hawking. Both Time & Change will occur with or without us. Start today by preparing to do what is necessary & by the time you realize it, you're doing what others perceive as impossible, due to their self doubt of their...