As time goes by, the markets evolve.
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns / support or resistance
-Dotted lines; Possible price-action trajectories / trend
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Currently longing, I reckon my exit target and entry point for a short position will be approximately at $8k - 8.2k region. Like I said in the previous forecasts, I reckon it's time to retest the resistance of the falling wedge or for some call it a falling channel. I like to call it the beta trend, since it's the most recent 2nd biggest pattern in the alpha trend, the ST/bullish pennant. Starting to sound like a broken record... Either way those bearish trends have high probability of bullish break outs. On another note, I have noticed something peculiar. The boxes I have drawn on this chart, are time boxes of 45 days each box. Every 90 days or quarter years and every 45 days you can see something significant is happening. Right before or after. Can't completely figure out the fundamental connections yet. I mean, draw enough lines and hence you won't be able to see the difference between patterns and coincidences. So far this is the 2nd confirmation is in short, looking pretty promising.
If the bears rejects the bulls at the resistance. Henceforth I will mostly be following the orange trend line, the beta trend. Why? Speaking of broken records... The trend is your friend! This trend that will lead us into the end game and thereafter, to the moon and beyond? To be concluded...
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If you don't want to miss out on any of my daily technical analysis. Then click tap on that follow button and don't forget to like ^^, 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. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders!
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns / support or resistance
-Dotted lines; Possible price-action trajectories / trend
--
Currently longing, I reckon my exit target and entry point for a short position will be approximately at $8k - 8.2k region. Like I said in the previous forecasts, I reckon it's time to retest the resistance of the falling wedge or for some call it a falling channel. I like to call it the beta trend, since it's the most recent 2nd biggest pattern in the alpha trend, the ST/bullish pennant. Starting to sound like a broken record... Either way those bearish trends have high probability of bullish break outs. On another note, I have noticed something peculiar. The boxes I have drawn on this chart, are time boxes of 45 days each box. Every 90 days or quarter years and every 45 days you can see something significant is happening. Right before or after. Can't completely figure out the fundamental connections yet. I mean, draw enough lines and hence you won't be able to see the difference between patterns and coincidences. So far this is the 2nd confirmation is in short, looking pretty promising.
If the bears rejects the bulls at the resistance. Henceforth I will mostly be following the orange trend line, the beta trend. Why? Speaking of broken records... The trend is your friend! This trend that will lead us into the end game and thereafter, to the moon and beyond? To be concluded...
--
If you don't want to miss out on any of my daily technical analysis. Then click tap on that follow button and don't forget to like ^^, 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. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders!
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1h view
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2h view with some correction
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Momentum waves showing bearish divergence and the RSI and Stochastic is in overbought territory. Nevertheless, there is very big but. The volume flow keeps rising which is very bullish. Because it's volume or 'gas' that creates the waves, more gas higher waves, less gas lower waves. Hopefully that's sounds logical. Besides that the RSI and the Stochastic hasn't crossed yet and they haven't crossed under the overbought territory also. More bullish continuation is most probable.
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This could be a good indications for bear traps. Not sure yet though, but I'm going to note this one for future possible references.
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It was a bear trap
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Money/Volume flow is loosing momentum though. Hopefully the bears will be merciful in these holidays, letting the bulls pump some more gas.
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Looking bearish, but this might be another bear trap. Which is good a thing, if and when this forming bull flag is confirmed.
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Will the golden retrace hold support
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This thing might go inverse head & shoulders in the shorter time frames. But at this point anything is possible.
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15m view with Heikin Ashi candles.
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Red X is making a worry a bit though.
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My rule is though, shorter the time frame, the less stronger the signal.
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EMI is showing bullish signs on the 30min chart.
