Too Many People Know About That, So This Will Happen
Updated
Too Many People Are Expecting This, So It Wont Happen
Hello TradingView Community !
In my opinion too many traders from the Pros who saw it first to the newbies who are watching TA videos on YouTube know about this triangle pattern.
I have a strong hunch it will prove to be a longer-term accumulation pattern as displayed by the thick Orange Lines on chart, I think this is much more healthy than an explosive break past 10k as it can serve to act as future support for the next bear market. Lets see if within the next 48 hours this triangle pattern is not breaking out we can be certain that an accumulation patter will play out over the next few weeks.
RSI -too high considering BTC at same level as few days ago
Miners Capitulation - soon coming to an end.
The green circles on the Hash Ribbon below the price chart getting greener and greener till they become a Blue Buy signal.
Take a look at the last Blue Buy Signal BTC exploded !
More Coming Soon . . .
Hello TradingView Community !
In my opinion too many traders from the Pros who saw it first to the newbies who are watching TA videos on YouTube know about this triangle pattern.
I have a strong hunch it will prove to be a longer-term accumulation pattern as displayed by the thick Orange Lines on chart, I think this is much more healthy than an explosive break past 10k as it can serve to act as future support for the next bear market. Lets see if within the next 48 hours this triangle pattern is not breaking out we can be certain that an accumulation patter will play out over the next few weeks.
RSI -too high considering BTC at same level as few days ago
Miners Capitulation - soon coming to an end.
The green circles on the Hash Ribbon below the price chart getting greener and greener till they become a Blue Buy signal.
Take a look at the last Blue Buy Signal BTC exploded !
More Coming Soon . . .
Trade active
Short 9690Trade closed manually
Bullish Pattern Detected Might Break to a 10k Test Short Closed 9650
Note
If BTC wicks to 9750 within 1 or 2 4-hour candles we can take a long position as that would be very very very BULLISH! since it would make a 3rd price LPHTrade active
9708 Long Position. No Leverage. No Stop Loss. Watching Price Very Closely.No Visible Target Yet. 10k retest almost certain.
Dollar Cost Averaging now
Note
I think 10k Re-test will failNote
I Eat My WordsNote
Position Still Active - I think we are in for long-term bull runTrade closed: stop reached
Stop Loss at 10k allowed me to leave trade with a little profit.I still think this idea is how it is gong to play out.
We will be in a sideways trading channel in the 9.2 to 9.8 range (plus or minus)
Trade active
Long from 9465 Stop Loss 9265Trade closed manually
Took Profits this Morning the sideways consolidation pattern forming nicelyNote
Note
This Channel I Drew 2 Months Ago is Holding Damn Well
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