Bars Pattern Astrology

By Hhan44

Updated

Curved Bars Pattern Astrology on Daily Bitcoin Chart

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on the 4h chart

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Idea for the 1h movement

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Well it wasn't a full Bart but half bart'ed

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Some adjusted price levels

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Okay, this time we actually got somewhat trend reversal signals on the weekly. The candle is closed. Yes, it can be a false signal but that's the risk here.

I see possible fakeout within the range of 60.5 up to 66k next week to make another lower high. And from there it could do another wyckoff distrubition pattern. But needs further confirmation. By possible I mean it has a high enough probability to happen.

Every model can be correct till it doesn't. Past results are not indicative of future results.

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Actual trading idea:
A possible long entry into fear on the 4h to be in alignment with the daily indication:

Here the daily:

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Entry is NOT yet but when MACD crosses with 4h histogram turn from red to white

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To confirm the setup, the fear&greed index has to be in fear or even better in extrem-fear too.
alternative.me/crypto/fear-and-greed-index/

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Possible reverse c&h pattern on 1h

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Possible reverse c&h pattern on 1h timeframe is invalid by now

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Is a 3rd Bart in the making?

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A pattern for the history

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End fo the descending triangle

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Keep that bearish trendline back from Oct. 20 in mind.
Even a push to 62k is still bearish on the Weekly. It would signal a possible new short entry.

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To point it out more clearly:

plus with meme twitter.com/HhanJR44/status/1464066378038751258

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Keep in mind that we have Bearish Divergence the Weekly. No reason to fomo any position rn

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Last 20 and 50 death cross was before the May crash followed with 20/50 and 100 SMA death cross.

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We broke the trendline on the log scale chart, means we switch to the linear scale for now.
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Hhan44

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