Bitcoin /USD rate (October 2021-2022)
You can see in the below progression of my charts somewhat how I came to this almost "crab" looking "channel" conclusion. The fractal pattern isn't even from this market but I saw some similarities and thought about just overlaying it just to compare and estimate what I think is possibile.
This, as always, is just speculation and not guaranteed. I'm heavily biased in wanting a bear market so I should just disclaim that right up front. This is the fibonacci and pattern setup that makes the most sense to me right now with an increasing price while volume wanes slightly. Even a broken clock is right twice a day. Hah
Related ideas:
In the above chart, I had an idea that my rising wedge might look like its falling but then recover back to at least the lower trend line, that has since happened.
In this chart, I had an idea that there would be 2 major patterns which result in a downside, I still believe that may somewhat be the case, but just at a higher level to make a new local high as my original idea was invalidated, and I still believe a downward motion can happen soon after this next major pattern starts to get more volatile.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
You can see in the below progression of my charts somewhat how I came to this almost "crab" looking "channel" conclusion. The fractal pattern isn't even from this market but I saw some similarities and thought about just overlaying it just to compare and estimate what I think is possibile.
This, as always, is just speculation and not guaranteed. I'm heavily biased in wanting a bear market so I should just disclaim that right up front. This is the fibonacci and pattern setup that makes the most sense to me right now with an increasing price while volume wanes slightly. Even a broken clock is right twice a day. Hah
Related ideas:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
