More than one way to skin a cat but not BTC. Daily, weekly, bi-weekly, and monthly all targeting about 7200-7300. I consider this a wave 2 down. Therefore, expect alt-usd pairs to drop with btcusd. However, expect alt-btc pairs to pump.
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Weekly. Will drop to test the breakout.
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Thank you red trend line for proving yourself time and time again!
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I spoke to soon. Sorry trend line.
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Don’t get tripped up on 15min. Pretty sure accumulation ended at vertical line with a breakout (down).
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Accumulation breakout on 5min. Might still need to bounce to confirm.
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Fuck it. Let’s see if this will help to speed things along or get me liquidated.
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Could be a fakeout pump. Blue vertical lines indicate accumulation starts. The pink for distribution. Went A-D-A. Distribution appears to have ended prematurely...
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Here comes the snake
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Ouch. Didn’t play out like I thought. Still.
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Same channel but regular, not inverted, price scale.
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Could pull back to either if indicated prices.
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Was wrong about accumulation on 15min. It has played out. Coming to a close now.
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Well... maybe not completely ending... a fakeout rally could happen first.
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It’s coming.
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Do you feel it yet?
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Updated idea.
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If you made profit and would like to show support for these ideas/charts then you can find my btc trading wallet address in my profile.
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To those interested, new idea published yesterday.
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You can support these ideas by sending only btc to the wallet in my profile. Buy buy buy till target.
