BTC/USD - Coinbase (Just an idea but could happen regardless.)
Updated
Hi guys!
up or down? No idea tbh
Why? There are a lot of squeezes going on the 45m, 1hr, 2hr... but they seem to be recovering from the little dip we had, the 45m is just about coming into a bullish signal volume wise, the 1hr less, and the 2hr even less, those time frames gonna take a lot longer.. to confirm a fire to the upside. What could happen since we are in a triangle its kinda skinny and long but we might just shoot up to the top if everything goes right or.. based off how the ttm fires, it could suggest we go up and simply maintain.. a channel or level of price action for a bit before coming down for a touch down, but that wont be for... some time, we havent even gone up yet for starters but we will see. If we did like we did before, we could pull the other timeframes to fire long but if it's not enough, the bigger time frames gonna drag this thing down, I dont think we will LOSE a level like a 300$ price range but.. just keep an eye out. (if you couldnt already tell im neutral but ""I WANT IT to go up""" but im not gonna force an delusional idea just cause I want it to do something a certain way. kinda giving both sides.
How? Well just to give you guys an update I found out the ttm I was using was the wrong one.. what the heck does that mean? Its not that I was using the wrong indicator but i believe the one i used to use had a different setting (done by a different user) Now i found out I was using the so called "wrong one" when.. i was trying to make a video LUL and I explaining how amazing the ttm squeeze was that it signaled before we dropped from 6k to 3k.. that The weekly had fired short.. and gave you 2 WEEKS (or 1 week and a half) to react, THAT WAS INSANE, Obviously on the come up we popped $1000 but, right after another weekly squeeze watch happened and by then you didnt need a ttm squeeze indicator to know we where going sky high but still early enough to not miss the other 11k worth of a pop. Ive looked at the indicator i was using for my charts that I posted, and... im not regretting any of it, Im using both now on the side, the one i used for the recent charting is... more likely to prock a squeeze watch than my "original" atleast if i see some confluence in indicators than.. Its pretty confirmed there is a squeeze, I know this is weird but i will consider both, i cant show it on my charts because I can only use 3 indicators at a time ( cause I am a broke boy) xD anyway, Ive looked at the info and, They are both pretty accurate I guess technically speaking There are some timeframes.. that i am not aware of.. that are better for one ttm than another and thats cool, i think my original one does well in making a squeeze watch when BTC or any other crypto is really holding it in, and fires a lot earlier which is good, and on the bigger time frames thats great cause 1. bigger timeframes are harder to just, change a course of direction "volume wise" which makes it a reliable indicator at high time frames, like if its the weekly and btc fires idk.. short after say 4-5 "red blips" Ima trust that with my life. ----ANYWAY there so... once again idk if this is a valid diamond.. on the smaller time frames with wicks included look like they make more sense but i rather base off a trade on closed candles tbh.. but I guess it would confluence the ta if it matches my original thought. so to answer this question... How.. Idk there arent really any confirmed signals for me, Im kinda left on a blank tbh..
Anyway, regardless of a diamond.. there are a lot of squeezes happening and on the smaller time frames you can see the price action squeezing anyway, probably in a small triangle or pennant. Now heres the interesting part remember that i said the squeezes are slowly turning bullish (if they even get there) If that is the case... and we are still going side ways, perhaps price action over time with create a more valid "perfect" looking diamond and if i see the squeezes about to fire long, then you already know which way BTC's going to go. Just my 2 cents. Take it as you want, but This could turn bullish and valid over time is what im saying. Wont be that long either like in the next 8 hours MAX so yeah
Happy Trading be carful out there, risk management!! take care.
up or down? No idea tbh
Why? There are a lot of squeezes going on the 45m, 1hr, 2hr... but they seem to be recovering from the little dip we had, the 45m is just about coming into a bullish signal volume wise, the 1hr less, and the 2hr even less, those time frames gonna take a lot longer.. to confirm a fire to the upside. What could happen since we are in a triangle its kinda skinny and long but we might just shoot up to the top if everything goes right or.. based off how the ttm fires, it could suggest we go up and simply maintain.. a channel or level of price action for a bit before coming down for a touch down, but that wont be for... some time, we havent even gone up yet for starters but we will see. If we did like we did before, we could pull the other timeframes to fire long but if it's not enough, the bigger time frames gonna drag this thing down, I dont think we will LOSE a level like a 300$ price range but.. just keep an eye out. (if you couldnt already tell im neutral but ""I WANT IT to go up""" but im not gonna force an delusional idea just cause I want it to do something a certain way. kinda giving both sides.
How? Well just to give you guys an update I found out the ttm I was using was the wrong one.. what the heck does that mean? Its not that I was using the wrong indicator but i believe the one i used to use had a different setting (done by a different user) Now i found out I was using the so called "wrong one" when.. i was trying to make a video LUL and I explaining how amazing the ttm squeeze was that it signaled before we dropped from 6k to 3k.. that The weekly had fired short.. and gave you 2 WEEKS (or 1 week and a half) to react, THAT WAS INSANE, Obviously on the come up we popped $1000 but, right after another weekly squeeze watch happened and by then you didnt need a ttm squeeze indicator to know we where going sky high but still early enough to not miss the other 11k worth of a pop. Ive looked at the indicator i was using for my charts that I posted, and... im not regretting any of it, Im using both now on the side, the one i used for the recent charting is... more likely to prock a squeeze watch than my "original" atleast if i see some confluence in indicators than.. Its pretty confirmed there is a squeeze, I know this is weird but i will consider both, i cant show it on my charts because I can only use 3 indicators at a time ( cause I am a broke boy) xD anyway, Ive looked at the info and, They are both pretty accurate I guess technically speaking There are some timeframes.. that i am not aware of.. that are better for one ttm than another and thats cool, i think my original one does well in making a squeeze watch when BTC or any other crypto is really holding it in, and fires a lot earlier which is good, and on the bigger time frames thats great cause 1. bigger timeframes are harder to just, change a course of direction "volume wise" which makes it a reliable indicator at high time frames, like if its the weekly and btc fires idk.. short after say 4-5 "red blips" Ima trust that with my life. ----ANYWAY there so... once again idk if this is a valid diamond.. on the smaller time frames with wicks included look like they make more sense but i rather base off a trade on closed candles tbh.. but I guess it would confluence the ta if it matches my original thought. so to answer this question... How.. Idk there arent really any confirmed signals for me, Im kinda left on a blank tbh..
Anyway, regardless of a diamond.. there are a lot of squeezes happening and on the smaller time frames you can see the price action squeezing anyway, probably in a small triangle or pennant. Now heres the interesting part remember that i said the squeezes are slowly turning bullish (if they even get there) If that is the case... and we are still going side ways, perhaps price action over time with create a more valid "perfect" looking diamond and if i see the squeezes about to fire long, then you already know which way BTC's going to go. Just my 2 cents. Take it as you want, but This could turn bullish and valid over time is what im saying. Wont be that long either like in the next 8 hours MAX so yeah
Happy Trading be carful out there, risk management!! take care.
Note
Pattern wise I think this looks a tad bit better than one i had now that time has passed a little, I also switched it's perspective to the hourly.
Note
ok cool, a lot of the squeezes over time turned bullish and dragged the bigger timeframe squeezes to be bullish for a pump. As far as diamond though, It looks legit and the pump right after kind of verified it for me, If it isn't the case, we were in a triangle shape anyway.. Im a little worried about the 3hr squeeze but if we can fire long on the 2hr which will be soon enough as long as we can maintain this price range for a while, we will be gucci. As far as my previous charts with the daily ttm squeeze WE ARE FINALLY on the bull side of things.. it needs to fire and that will be the signal for show time. but here is the issue since we are taking such a long time.. By the time it fires most of the momentum in my opinion will be gone. What will happen is that we might consolidate and carry downward for a retouch of the levels below, This might turn into a really good short later on and the issue is, we are in the middle and top part of this triangle so that angled resistance that we have can really only promise a short opportunity cause we can almost pretty much touch the ceiling so to speak and theres not much space left. thats just my 2 cents
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