Separating chart patterns to identify trade opportunities? People tell me it's incorrect to analyse btc with any other altcoin in a separate manner. Usually one would look at btcusd as one pair. Here is BTCGBP with BTCUSD in the background. BTC looking about as bullish as a pair of wet socks. It's in a converging diagonal pattern, D1. And it looks way to early to break out. Yes, a declining converging diagonal or wedge is a bullish pattern, but the price action within is not. If we must name it, let's call it a mushroom or partly completed declining H&S.
Try to add the DXY overlay to a BTC chart. There seems to be a pattern emerging. See what you think of it. You could for example select the GBPJPY pair and add the BXY index to the chart as an overlay. Investigate this.