BTC-HONDA

BTC-HONDA

Haven't been able to update the past couple of days but I have changed my larger timeframe perspective. THe decreasing volume made me skeptical of my falling channel pattern. I think this is a falling wedge and we will return to the low 40ks to 50k in the coming weeks. The price may fall and start retesting the top pattern line before taking off.

BTC-HONDA

I will no longer be speculating for Diamond patterns until I can find some really solid TA rules from a reputable source. in retrospect, its pretty obvious that it was a rising wedge. The volume profile was perfect for it and so was the pattern. I can't find any good info on Diamonds like their volume profiles. Seems like we hit a local top and could chop back...

BTC-HONDA

SOrry I have been absolutely slammed at work and haven't had time to look at the charts. No change. Was thinking a fake out too

BTC-HONDA

No change. still bullish until we invalidate this falling wedge. Maybe a diamond reversal in the making to 33k-34k.

BTC-HONDA

Saw this falling wedge but the volume profile is in complete reverse. Don't know what to make of it but very interesting. Bullish engulfing on the 4h which is sweet

BTC-HONDA

i stil havent changed my opinioon yet. we had a good close yesterday but we are hanging pretty low right now. We need a good close today to hold form

BTC-HONDA

How im looking at the 4h. This is addition to my previous post

BTC-HONDA

Currently bullish. i think we are drawing a falling wedge before more upside. to 38k. Invalidation of this pattern would be a close around 31k out side the pattern

BTC-HONDA

Sorry for the late update but I've had a severe mouth infection for about a week now and havent done anything until now. I never stopped being bearish. We kept humping the bottom line before selling off to 31.5k. No clear indication of a reversal yet but this maybe a falling wedge we are drawing before we pump. WIll post a follow up chart

BTC-HONDA

I'm still bearish. I had my bottom line drawn sloppy this morning before work. Moving invalidation to 33,850

BTC-HONDA

No change. still bearish to 31.5k-30k. Looks like a retest before more downside

BTC-HONDA

UNfortunatley broken down on the wedge. close below the invalidation . looks like we are going to test 31.5k and possibly 30k

BTC-HONDA

way to early to call but we still form a rounding bottom here. Just an idea

BTC-HONDA

RE-UPLOAD for clarity: I hadn't realized my last two charts aren't exclusive to one another until now. I am flipping bullish in the short term but I will flip bearish after the pumps. Think we are forming a symmetrical wedge to continue this short term uptrend until we finish drawing this wedge and break down back to the low 30ks again

BTC-HONDA

I'm still leaning bearish but this is a possible bullish scenario to 38k. The bearish case is the rising wedge

BTC-HONDA

The symetrical triangle has too many turn around to be the case. This is my new perspective. We may still pump to 38k but the overall pattern looks bearish to m,e. If we break down, Ill be looking to retest 29k again. If we pump and invalidate this pattern, 40k still on the table a

BTC-HONDA

BTC is breaking down again to the bottom side of the channel. I was initially bearish on my rising channel since we hadn't had a 5th wave put in on the symmetrical triangle. Looks like we are doing it now. I am still a over all bullish. If we break down out of this wedge, it will really test the 28k lvl which is the final level it would need to break for me to...

BTC-HONDA

Just looks like a retest before more upside. If we fail to hold, I'll expect us to drop to the bottom side of the channel to consolidate a little longer before breaking up towarsds 40-42k