Bitcoin bearish butterflyAfter a very nice run up, it's time for bitcoin to cool down. Seems to be rejecting the 0.618 fib of the previous swing high, forming a bearish butterfly harmonic. Time will tell if this plays out.
Doritos
NASA APEGINEER!I major in launch programs to the moon and this is my latest schematic for the AMC Program dubbed: Doritos And Popcorn. The last move from roughly 8.31 to 72.62 was roughly 500% in 2 weeks! Get ready for the next wave. I'm thinking on the safe side half of the last gain but, from an optimistic point of view since it was a bigger move this time I'm really thinking extremely larger like at least 800-1500%! Todays low was 47.77 just imagine 800%+ gains over the next 2wks....
Doritos And Popcorn!Ever Want To Be The Lead Role In A Movie?!
For those of you that didn't get tickets to star in the movie don't worry Netflix is making a documentary about.
Taking a closer look I should have used the previous low... The previous low, which was much higher on the chart was a better option. (Marked in Green)
Somehow I remember measuring that but it just didn't fit right.
Oh well, onward and upwards :D
Bitcoin fake out to the downside. Asleep for upside breakout.Well, the break to the low side was a fake out of the wedge pattern.
Dragging stops is important after a breakout. A good breakout with momentum will not return for days.
The confirmation of the second low on the wedge pattern was questionable. It didn't quite meet my criteria but I went with it.
Price dropped and soon returned back towards the lower trend line. This was a warning that the break really lacked momentum.
Of course I was asleep when price rocketed straight through the pattern to the upside. Not a massive move so far.
Well, on to the next. Can't win them all. Perhaps I should wait for the perfect pattern to trade.
I'll keep you posted on what I see developing over the next few day.
