These are signals for this session only, until 8PM tomorrow Oct 1. after that they are invalidated. If one or more is triggered, we will follow that trade for no longer than 4 days. The signals were generated by PatternCast a type of AI Pattern Recognition system.
We absolutely crushed it with a short on the day Bakkt was released, and today we caught a nice little short and are currently Long with a high potential trade, according to our signal service at patterncast.com
Bakkt will bust Bitcoin just like CME futures did.
This lines up well with the massive volume well below 10k on BTC Volume Profile.
PatternCast is a pattern recognition technology that presents high probability trade scenarios. We have recently made available to the public our crypto version, after a year of incredible success with our traditional markets version, which provides signals for futures, forex and stocks. Check it out at patterncast.com
Talking fractals here, this triangle break could be the catalyst for a much bigger break
This could be a strong move with little resistance if we break with good volume.
Everything points to 8000, Volume profile and PatternCast, our pattern recognition engine.
This is a continuation of the my previous chart showing a Head and Shoulder scenario. Now the scenario has materialized and it looks like the target will be reached
Bitcoin looks to break this neckline and drop back into the low 3000s
The market is a complete mystery to me right now, actually not the market, but the idiots sitting in their ivory towers that think they know more about the economy than the collective wisdom of the masses.
Now that there's certainty between the US and China in the trade wars, low taxes and low energy prices will launch markets to new all-time highs
Prices are going to continue to degrade to the mid 20's on the MJ ETF.
The pundits are perpetually wrong, Bitcoin must come down hard and stay down there in order to wipe out all the shit coins poisoning the market.
Where is the bottom? I think near or below 1,000
This consolidation could be the catalyst that pushes Bitcoin over the cliff and into the deep volume well, which shows no support until 4200. There is no hope for Bitcoin until it crashes.
Where it will stop no body knows, however this Bear Flag is bigger than most, so I suspect the next move down will be commensurate with that. The Volume Profile shows a huge volume well between 5700 and 4200, I suspect a wild ride if price enters that zone.
So, we continue down, stepping down to each successive Volume Node, slipping through Volume Wells. The ultimate low is much further down, 4200 is the target, however there's evidence that this market could go lower in a flash crash later in July.