Back on track: Bullish Triangle Breakout, wedge target ~$9,000
Updated
I believe I am now back on track
I had thought, something is odd.
Well, now in my divided opinion about BTC, I feel it necessary to state of the higher the time frame: the stronger the signal the more likely.
It may be a mistake in determining target to $7,300
Otherwise, I timed it too early, convinced of harmonic patterns rather than assuring myself 99% only on my Traders Dynamic Index trading system.
In fact Traders Dynamic Index had not failed me, I failed to analyze it correctly with the proper major chart pattern: The wedge I so fiercely had announced.
Serious mistake caught:
Though I had recently added
TDI's complementary price-chart moving averages...
I had not elaborated on its function with Traders Dynamic Index.
I had assumed the black MA would always represent 50 indicator level line, but as I scrutinize I now understand that it can represent the upper Volatility-Band line as support in such confusing moments.
This mistake will be added to my reminders and note-taking of proper use of trading tools.
__-----____-----______-------
It seems that when I find multiple trend chart pattern indications, they in fact could confirm the opposite as they had in majority failed me, examples in related ideas:
Bitcoin Bullish Indications
Multiple Bearish Indications for Bitcoin.
I had thought, something is odd.
Well, now in my divided opinion about BTC, I feel it necessary to state of the higher the time frame: the stronger the signal the more likely.
It may be a mistake in determining target to $7,300
Otherwise, I timed it too early, convinced of harmonic patterns rather than assuring myself 99% only on my Traders Dynamic Index trading system.
In fact Traders Dynamic Index had not failed me, I failed to analyze it correctly with the proper major chart pattern: The wedge I so fiercely had announced.
Serious mistake caught:
Though I had recently added
TDI's complementary price-chart moving averages...
I had not elaborated on its function with Traders Dynamic Index.
I had assumed the black MA would always represent 50 indicator level line, but as I scrutinize I now understand that it can represent the upper Volatility-Band line as support in such confusing moments.
This mistake will be added to my reminders and note-taking of proper use of trading tools.
__-----____-----______-------
It seems that when I find multiple trend chart pattern indications, they in fact could confirm the opposite as they had in majority failed me, examples in related ideas:
Bitcoin Bullish Indications
Multiple Bearish Indications for Bitcoin.
Note
Personal failure: To trade according to Price Action Channel
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