As time goes by, the markets evolve...
More visible, more probable:
Most recent and/or relevant patterns within the Alpha pattern(ST/Bullish Pennant):
The current most probable pattern in the immediate term is the rising broadening wedge. Obviously bitcoin has entered another determination phase. Since it's doing some more dancing on the 1H EMA-89. If this determination phase ends with a green cross and it closes with bullish continuation signs. Then I will most probably turn bullish and enter a long position. Wondering, if the bears will be merciful until new year. To be concluded...
Exit short position / Entry long position target: $7.2K region.
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If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI, short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM or leave a comment and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
More visible, more probable:
- Dashed lines; Possible forming patterns
- Solid lines; Confirmed patterns / support or resistance
- Dotted lines; Possible price-action trajectories / trend
Most recent and/or relevant patterns within the Alpha pattern(ST/Bullish Pennant):
- Boldest orange trend line: FW, a.k.a. the beta pattern.
- Orange trend line: RBW, bullish trend but bearish break out.
- Purple trend line: FBW in combination with a neck & shoulder pattern, bearish break out. A small one though.
The current most probable pattern in the immediate term is the rising broadening wedge. Obviously bitcoin has entered another determination phase. Since it's doing some more dancing on the 1H EMA-89. If this determination phase ends with a green cross and it closes with bullish continuation signs. Then I will most probably turn bullish and enter a long position. Wondering, if the bears will be merciful until new year. To be concluded...
Exit short position / Entry long position target: $7.2K region.
--
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI, short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM or leave a comment and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
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5min chart looking bullish
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It might wick up a bit.
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Beautiful short scalp in the 5min chart example:
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Сделка закрыта: достигнута тейк-профит цена
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Hopfully support will hold
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Added possible trajectory in case support won't hold.
