The Doji Star has been printed on the CME daily close for the week, interesting fact when you look back on historical charts CME opened trading on BTC futures December 18th 2017 and the real downward pressure of Put options began.... have we reached the top or are we going to get a blow off top formation
As above so below. I have put the hourly price action neatly into a descending channel. I have seen this interpreted as a falling wedge as well. But, I am looking at wicks too. They often get confirmed insofar as they can broadcast potential channel development. I have an alarm set on trend line A. If this breaks with a nice impulse candle then the upper CME gap...
Inverted inverted head and shoulders appearing. Target price near the upper end of the CME gap. Will it be filled though? We have major resistance on the way up, so for me, if it is to fill, it will be a flash fill before crashing back down- unless it can close above the major EMA's on the daily.