BEARISH PLOTTER READER! (2HR TF)
Обновлено
Good Day Traders
I wanted to use a higher timeframe, but the two-hour timeframe was more convenient because my bearish plotter is pointing out only the two-hour timeframe from all timeframes. This lets me know BITCOIN will make its way down for a minor trend.
I've done some price range measuring. I have two custom gaps left out in the open from all three measurements. This can only work with my bearish plotter.
Two red long rectangles are the left opened gaps which price can potentially hit those targets.
The green gap is genuine.
I drew a parallel trend line starting point from the top of the wick to the last bottom candle wick. I've measured the longest trendline and cloned it which is the most recent white parallel trendline.
BITCOIN is behaving as if it wants to keep pushing up. There's no way of telling. It's pushed up in the past on a daily timeframe regardless of stochastic RSI was overbought but don't count on it.
Pay attention to the most recent candlestick. The candlestick has almost filled the green gap which my custom MA has predicted an uptrend moving forward but it is just guidance.
MY ADR MA, please follow it and see the way it plays out.
Summary:
Does this mean the price can fall to those 4 prices, it's a possibility, but so far it's touched the most recent green gap.
Based on a 2-hour volume, it all makes sense. We have three levels of the highest volume.
This is only a two-hour timeframe, it's just guidance by using a strategy. I had to create my own gaps. As I created them; WALA!, look at the first red gap
let's see how it plays out, so don't panic. We're in a 3-YEAR BULL RUN.
I wanted to use a higher timeframe, but the two-hour timeframe was more convenient because my bearish plotter is pointing out only the two-hour timeframe from all timeframes. This lets me know BITCOIN will make its way down for a minor trend.
I've done some price range measuring. I have two custom gaps left out in the open from all three measurements. This can only work with my bearish plotter.
Two red long rectangles are the left opened gaps which price can potentially hit those targets.
The green gap is genuine.
I drew a parallel trend line starting point from the top of the wick to the last bottom candle wick. I've measured the longest trendline and cloned it which is the most recent white parallel trendline.
BITCOIN is behaving as if it wants to keep pushing up. There's no way of telling. It's pushed up in the past on a daily timeframe regardless of stochastic RSI was overbought but don't count on it.
Pay attention to the most recent candlestick. The candlestick has almost filled the green gap which my custom MA has predicted an uptrend moving forward but it is just guidance.
MY ADR MA, please follow it and see the way it plays out.
Summary:
Does this mean the price can fall to those 4 prices, it's a possibility, but so far it's touched the most recent green gap.
Based on a 2-hour volume, it all makes sense. We have three levels of the highest volume.
This is only a two-hour timeframe, it's just guidance by using a strategy. I had to create my own gaps. As I created them; WALA!, look at the first red gap
let's see how it plays out, so don't panic. We're in a 3-YEAR BULL RUN.
Заметка
if there is more continuance of a downtrend, this shows to end by 11 pm PT 9/20/24 before BITCOIN starts making its way up. Заметка
No one likes shorts, neither do I but I must paint the picture correctly with the right colors.
Заметка
BITCOIN is in a downtrend for the next 45 minutes Заметка
Since 10 hours ago, it is now 11 pm PT, BITCOIN was scheduled to move up at 11 pm PT and afterward.
I'll share bearish plotter details momentarily
Сделка активна
Reapplying this chart in case the trend gets weaker. BITCOIN has already been showing symptoms to have a minor downtrend.
BULL RUN has been postponed. This had a lot to do with retail decisions therefore smart money reads and shows to wait.
If in the case it bull runs, there isn’t enough momentum, price will drop
Заметка
I’ll be updating soon to find out why isn’t BITCOIN downtrending once I’m near my PC.
There is always a reason why and our learning should never end on speculation and debates.
Now it’s time to search harder and if you have too then code out an indicator
Заметка
Sure we can remain and just wait but NO, if we think like this, all this will do is cause us to miss out on trades. Заметка
What’s happening now it’s totally normal, this downtrend was expected. So far BITCOIN is on track.
good news is, I’m now able to check with an analysis indicator which lets me know hours and even days in advance to know what’s coming our way.
I will share later as I’ve back tested it and does work and I’ll share later so we know what’s next based on timeframes.
We will test this together.
Заметка
ALTS will regain their momentum, I wouldn’t follow in the way of manipulation. This is not a BEARISH MARKET.
We are in a 3 YEAR BULL MARKET, this has been confirmed back in history.
The bearish market was said to end by 2023 and to start the BULL MARKET 2024. It’s been planned to end by the end of 2026.
The BULL market was planned to end by the end of 2019 and start the BEAR MARKET 2020.
This is all I can share, this is only a guidance. I have applied the most trading methods to these cycles and so far have confirmed it.
Заметка
ALTS may not be allowed to move up until the proper season arrives.
As many WHALES want to surge BITCOIN later they make every effort to move down.
What smart money needs to do within the ALTS is to obey that season.
Seems to me the smart money children are very disobedient to their father BITCOIN
Заметка
There should be no panic, BIT will recover. Just a small sell off.
This short position still applies
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