Inverse Stephen Hawking pattern BTC/USD Coinbase ( ͡° ͜ʖ ͡°)
Updated
So I have not posted for a while and I'm back now so as a small intro all i'm going to say is.. The Dow Jones industrial average has been doing some things, BTC has been doing some things and.. its all cool. :)
Now back to business. Let's start off with the straight up, black and white questions.
Are you long or short?
Long.
Why?
On the weekly which is no joke btw, I have noticed what could possibly be an entry for a long opportunity. Specifically because of a pattern I noticed on the chart being, at some standard potentially an Inverse head and shoulders. If you notice I mentioned "Inverse Stephen hawking" This cruel joke basically means that the head and shoulders is "skewed", "slanted" if you will, so you can kind of predict how the shoulder can develop based on previous formations.
How?
Now I understand the daily is scuff and does not support my idea.. Too MUCH? and I see that xD But Bigger picture Bigger overall moves, (we will see how this mind-set plays out) and plus this may be a little bias but I do believe that even if this was not a CERTIFIED Inverse head and shoulders.. I truly believe people will see that pattern and match the geometry of the pattern, Plus... Within that pattern, There is a volume well in there which has been demonstrated 3 times which is also the same ranges as the move I'm going to try and play for the completion of the pattern. and it's all basically within the same range so.. if we can push up and bit, we will prolly fly to $9,850 - $10,200.
Are you sure?
Actually no to be honest, I mean I am... but it's still a little.. too early for me to feel at least 99% sure. Signal wise, I want (Hoping I don't miss the move by then) 2-3 more weekly candles, which would also make it where more people are exposed to that pattern idea and perhaps the market will move that direction. Also I mentioned the daily is scuff, it's a hot mess, thats why When the inverse head and shoulders didn't get too much support for its pattern validation I just kind of went.. (True... but... the weekly is a stronger influence IN MY OPINION. so yeah..
What now?
Just waiting a bit, my BTC comes in this week bet your lucky nickel I'm going to try and play this but lets get some facts straight..
1. NOT FINANCIAL ADVISE
-Thank you.
2. I need an "Oh damn it went the other way.." Plan and.. I'm working on it, Please hit me up with suggestions because.. I just don't want to go Long like an idiot, send me an Entry and Exit and "Oh damn it went the other way" plan so that way if BTC goes a direction I cut my losses at least in a smart fashion. Not that I could not do this myself but, yeah boi still learning out here.
Hope you guys enjoy this chart, Stay safe, Use stop losses.
By the way, small edit here.. I drew this On "LINE CHART" not candle sticks.. but umm yeah
Now back to business. Let's start off with the straight up, black and white questions.
Are you long or short?
Long.
Why?
On the weekly which is no joke btw, I have noticed what could possibly be an entry for a long opportunity. Specifically because of a pattern I noticed on the chart being, at some standard potentially an Inverse head and shoulders. If you notice I mentioned "Inverse Stephen hawking" This cruel joke basically means that the head and shoulders is "skewed", "slanted" if you will, so you can kind of predict how the shoulder can develop based on previous formations.
How?
Now I understand the daily is scuff and does not support my idea.. Too MUCH? and I see that xD But Bigger picture Bigger overall moves, (we will see how this mind-set plays out) and plus this may be a little bias but I do believe that even if this was not a CERTIFIED Inverse head and shoulders.. I truly believe people will see that pattern and match the geometry of the pattern, Plus... Within that pattern, There is a volume well in there which has been demonstrated 3 times which is also the same ranges as the move I'm going to try and play for the completion of the pattern. and it's all basically within the same range so.. if we can push up and bit, we will prolly fly to $9,850 - $10,200.
Are you sure?
Actually no to be honest, I mean I am... but it's still a little.. too early for me to feel at least 99% sure. Signal wise, I want (Hoping I don't miss the move by then) 2-3 more weekly candles, which would also make it where more people are exposed to that pattern idea and perhaps the market will move that direction. Also I mentioned the daily is scuff, it's a hot mess, thats why When the inverse head and shoulders didn't get too much support for its pattern validation I just kind of went.. (True... but... the weekly is a stronger influence IN MY OPINION. so yeah..
What now?
Just waiting a bit, my BTC comes in this week bet your lucky nickel I'm going to try and play this but lets get some facts straight..
1. NOT FINANCIAL ADVISE
-Thank you.
2. I need an "Oh damn it went the other way.." Plan and.. I'm working on it, Please hit me up with suggestions because.. I just don't want to go Long like an idiot, send me an Entry and Exit and "Oh damn it went the other way" plan so that way if BTC goes a direction I cut my losses at least in a smart fashion. Not that I could not do this myself but, yeah boi still learning out here.
Hope you guys enjoy this chart, Stay safe, Use stop losses.
By the way, small edit here.. I drew this On "LINE CHART" not candle sticks.. but umm yeah
Note
Just took a peek at the 2 hour, This is how I made sense of the move, RSI and Volume divergences + Pattern identification with potential results based off that pattern.
Long story short, I think we went through a diamond bottom, with the potential to shoot up or down with the same range we came down from, I don't how much of it will happen next. It looks like, if it breaks some resistance we could go higher (I think at least. We had divergences on the RSI and on the VAPI that over all guided us out of the diamond bottom for a bullish pop. i think there is decent short term momentum at the moment. How short term? Pfff... idk like a couple hours from now, I take it all this from a candle to candle basis. This is not really an update just a micro view in comparison of my original chart. The only thing I can say is... technically it helps support my chart but you know so far so good. (BTW i'm not saying this is not going down like $100-$250 or something) like a small correction i'm just saying there is more money to the upside at this time on the 2hr 3hr and so yeah. As I'm writing this btw has gone up to $9109.50 I think if we can hit $9150 - $9160 we could get some support to make higher jumps, they may be slow and not so steep but, higher non the less. This is an IF question, not a when.. but i'm totally down if it happens
Note
So I noticed my pea-brain self took a picture of a gemini exchange chart and not coinbase so here you go, Not to many differences but, for example now the VAPI did not show as many signals only the RSI in this case.
Note
Two words: Invalidated idea Yikes
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