UnknownUnicorn2831343

UnknownUnicorn2831343 Updated 

In this range of consolidation there is a possible descending triangle forming that would come to a conclusion in the medium term to next 16 days at most. Volume has been extremely lackluster as you can see with traditional volume indicators and historical volatility percentile, all signs point to a major move with mostly confluence to the downside. Buyers also...

UnknownUnicorn2831343

In this scenario, the volume doesn't seem quite as suspicious as long as you keep an open mind and consider all possibilities. We could very well see a second chance to buy the bottom. To me, this makes the most sense in this point in time. Bitcoin is just consolidating from it's previous ATH. In lower time frames we see a clear descending triangle after a bull...

UnknownUnicorn2831343 Updated 

I could be incredibly wrong, but this setup looks like the perfect storm for a fakeout after we test 8500. Even if we do make new highs, ill be incredibly cautious to open any more new long positions. Even though trading view says my investment strategy is shorting, im not interested in opening any new short positions either. I wanted to clarify that, I want to go...

UnknownUnicorn2831343 Updated 

then i guess ill just be long forever?? XD

UnknownUnicorn2831343

Only using multiple charts with trend lines to explain Does anyone have anything to add to this?

UnknownUnicorn2831343

Enough said. This is the total market cap. Bitcoin, Crypto

UnknownUnicorn2831343 Updated 

This is what im currently contemplating in the wavecount, finex seems to paint a clear picture to whats going on, suggesting the start of wave 1 in this c wave has started at the fisrt clear pump up. The symmetry is just too ugly to suggest that the c is in. I'm thinking weve got one more leg up plus the volume profile is screaming there should be some price...

UnknownUnicorn2831343 Updated 

Although I don't believe the bottom is in, I really figured we would fill in that gap around five thousand where the volume profile suggests we still need to find price discovery. It wouldn't surprise me to see a higher high before we find the bottom at where we see the .87 meets the bottom of the macro channel. Then again, it doesn't surprise me either if we just...

UnknownUnicorn2831343 Updated 

I am confused why volume is pretty consistent throughout this pattern forming. If it's truly an inverse head and shoulders we should see a decrease in volume after the head right? As you can see, I've circled the areas of concern to me, and the volume is consistent on the right shoulder, head, and right neckline. Could this be consolidation instead of...

UnknownUnicorn2831343

This is a really ugly H&S pattern, and IMHO. Instead of making a right shoulder, it's more likely that we will consolidate and keep impulsing higher, only to get rejected at some point. This is NOT a H&S pattern. Here is why I do not consider this a I-H&S pattern. 1) In a typical head and shoulders pattern, most of your volume would be in the left shoulder,...

UnknownUnicorn2831343 Updated 

Here we go, looks like the start of a clear accumulation phase, the question is, will we see a spring or not? I know a lot of people thought the 6k area was accumulation (which is a good reason we were free falling there for a bit) but it was clearly redistribution into the real deal. . . Not to say this redistribution couldn't happen again, but at least were not...

UnknownUnicorn2831343 Updated 

Looks like only two ways bitcoin can play out in my book at this point. 1) The chart above This is likely because volume has been consistent and not spikey, if volume continues to decreases from this point on, then this is highly likely that this will play out, with a bottom of 2800, no more sudden sell off. This would prove the market has natural strength in...