BTC/USD Coinbase Whats next to come.
Updated
Ok once again, we got what we got before we got up here, which is a consecutive firing squad of squeeze watches that carried bigger timeframes to be bullish squeezes. 45 fired long, then the 1 hour, then the 2 hour turned bullish and then the 3 hour fired long, Pretty good stuff. Now we are at the area I was talking about. I believe one of two things might happen, If we keep this momentum up we can break the 10,800-10,900's area and Then we will not only have room to go higher but we will also have more access price wise to the 11k's. Which I have a brand new line for that, since we reached here so quickly. Expecting 11k plays well with the idea of the ttm squeeze firing long on the daily, if we can punch through this we can go a lot higher because we have not formed almost anything up the 11k's (very little trend lines, very little triangular scenarios yet.) so, we might be due for an interesting burst up not for now.. but for later. Another scenario is we bounce around more in this thin triangle we are in on the 4 hour(clearly visible). We could continue to trade this into we reach the apex or attempt it at the least and then it could break up from there as well.. if the daily ttm holds as a watch till we get a lot closer to the end of the triangle.. and it fires long we are most definitely going into the 11k's regardless. Im pretty bullish atm.. not so much for this move up, but for what is to come or may come as an alternative, like i said i am not fond at all... of the weekly ttm histogram but for the rest of this week and a little of next week i'm bullish so yeah, There is also some bear div on my 4 hour on my VAPI which is volume based so watch out, cause people might be shorting this a slight bit, which is why i said people still might want to trade this triangle, in any case thats my 2 cents (Basically until the middle of next week i'm bullish but we still have to fill some key pieces. Not any particular calls but, everything is coming together so far is what i'm saying and those are our options and how long they will last if we hold these areas. btw a daily squeeze can last roughly... a week for so, maybe 4-5 days if anything.
Happy trading take care.
Happy trading take care.
Note
Btw, I am missing the rsi on the chart, but There was really no divergence, (only on the 1 hour) but i'm not surprised tbh because we just head butted a level, and i looked at it, it does not look that significant or special so.. yeah. dont worry about that unless your scalping 50 dollars or something.Note
Ok, so as far as applying what ive said with my chart, the vapi showed divergence on the 4 hour and here we are, respectable timeframe and we shot down, Not mentioning the idea that people still want to trade the triangle, Now the thing is we shot lower than the pink-ish line and because of that we are now under 2 triangle patterns from my chart. We are holding here because of support, Im wondering where we will close for this 4 hour candle coming up. even if we do move from here slightly upwards, we have some resistances to break or else the Life span of the MAJOR triangle will keep going, Especially if we start closing in the lower areas, it could increase the life span of this for almost 2 weeks or more, and the daily squeeze, will not be so significant if we are not closer to an edge of the major triangle. a daily squeeze in the middle of a triangle is not worth as much, sss more like... it is less likely to break if we are just in the slap down middle of the pattern. In any case lets see where this closes in a bit on the 4 hour. Also awkwardly so there is a small chance.. another yes i know... im sorry lol Another diamond might form, If we close here and go higher just a heads up small chance but could happen.Note
Also for the record, i checked back on my rsi and saw the same divergence that my VAPI had on the 4hr, beats me why my eyes didnt see it before, Guess i didnt stretch the indicator enough, Good thing i saw it on my VAPI so atleast you guys had something to consider with a significant timeframe.
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