Resistance Turn Support Levelling up Theory high res pic
thinking ETHF .. fundamentals don't look good with ETH Classic gaining momentum... vs ETH Classic .. ETHF is alot more expensive and doesn't offer much more.. so maybe they need to come to equilibrium in price... daily band squeeze. this daily cr up failed gives us a tight stop for a short
Daily bbands show this tightening could go on for another 1-2 weeks... I'd like to see a consolidation here and then breakout to the top of the 12h resistance, 110% retrace to shake out all those longs and so on and then just continue to tighten making daily and 3d come into to the desired 'explosive' level.
An idea about how BTC tries to continually sell off until it can just sell off no further and all the weak hands have been shaken out and finally it breaks up
How I enter a position with the higher TF trend in "buy the dip" mode.
Squeeze setups for all major timeframes.. Daily.. 12h... 6h... 4h... 2h.. 1h...
Hopefully we are building up a big 12h super squeeze here that will result in the following action....
When drawing a proper trend line... you have to decide what you want to see.. plot it.. then just hunt candles and wicks to find one a trend line (either wicks or bodies)... going alone tops.. cutting some out.. going along bodies.. through the middle of price.. etc.. whatever it takes to make that trend line fit. Once you have made your trend line fit what...
an inverted chart of bitcoin price action
Some nice super tight 1 hour bollinger band squeezes worth playing
Using the lunar cycles, the ebb and flow of market sentiment... we can use this to plot bitcoins oscillations. Funnily enough when mercury went into retrograde, price hit the bottom, we now have super tight Bollinger bands and mercury about to move into direct, could this signal a down turn ? Maybe, but also maybe not. If the down moon and mercury...
Sorry its after the event. . but this is how I picked the bottom and sold at the top on buttcoin.
Possible identification of a repeating pattern here.. similair.. although not exact time duration... quite a lot of similarities imo...
Here is my Daily Resistance 'Zone'. Historically the Daily 50 MA has been an excellent calculator of tops / bottoms. Incidentally this level is also at the same price as t he daily 60 EMA.. which is also a good daily resistance support level. Where those currently sit we also have some previous recent highs.. which will act as resistance... we also have some...