BTC/USD - Coinbase
Notes:
Much of the market including meme coins have similar structure to BTC but not 1:1. (obviously..)
Before we had double dojis but now it's getting ridiculous with a potential Tripple star candle stick pattern.
2 doji's mean's equal potential in volatility but 3 has a directional Narrative/Bias.
Volume has been going down shown on the monthly and weekly.
Usually I would have something with my indicators to suggest direction of some sort but I'm dryer than the Sahara Desert.
The supposed pattern forming is not confirmed yet but even if it does it could fail, meaning a bullish strong push but bulls are not out of the water yet because the triangular structure in play could form a weekly false breakout. This would be devastating.
There are multiple scenarios for bearish and bullish. But it's not looking to good for the bulls is all I'm saying. I would save your Leverage Trades for a confirmed breakout or when the trend actually finally changes. This is a risky place to be.
Placing stops in terms of timing is going to be highly important.
-Charting has been a nightmare on the daily due to BTC's movements.
-I am just looking at the spectacle from the daily-weekly-monthly perspective. 4 hour timeframe is a headache and a half.
Hope you enjoyed.
Notes:
Much of the market including meme coins have similar structure to BTC but not 1:1. (obviously..)
Before we had double dojis but now it's getting ridiculous with a potential Tripple star candle stick pattern.
2 doji's mean's equal potential in volatility but 3 has a directional Narrative/Bias.
Volume has been going down shown on the monthly and weekly.
Usually I would have something with my indicators to suggest direction of some sort but I'm dryer than the Sahara Desert.
The supposed pattern forming is not confirmed yet but even if it does it could fail, meaning a bullish strong push but bulls are not out of the water yet because the triangular structure in play could form a weekly false breakout. This would be devastating.
There are multiple scenarios for bearish and bullish. But it's not looking to good for the bulls is all I'm saying. I would save your Leverage Trades for a confirmed breakout or when the trend actually finally changes. This is a risky place to be.
Placing stops in terms of timing is going to be highly important.
-Charting has been a nightmare on the daily due to BTC's movements.
-I am just looking at the spectacle from the daily-weekly-monthly perspective. 4 hour timeframe is a headache and a half.
Hope you enjoyed.
Note
5/7/2017 - 17/7/2017
15/10/2018 - 12/11/2018
1/4/2019 - 29/4/2019
These Images are an examples on wat we could expect from this Third candle on confirmation on the Weekly.
Note
An additional View of what's going on. Note
Third time's a charm on those Dojis. We definitely moving now. Guess my pictures was a decent reference after all. btw (Totally irrelevant) but, I was going to show here is a picture of like multiple dojis as stairs how it formed and what happened after.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.