Hello Hello Hello... .
Wow.. what action in BTC... Market cycles... Change in behavior. What the foul is this animal that were dealing with?
There have been many notable changes in behavior in BTC. It started with the first change in behavior in MONTHS on 6/29 at lows. We had an impulsive move up ... small consolidation (4hr) and then another impulse up. At that point this had been a novelty this was our first clue. After this, we came up touched the neckline and came down to form the right shoulder. Side-note: I had massive trades placed at 6200 area, unfortunately Rekt by 20 dollars when we spiked to 6088. But still, this area started our second change in behavior... 0 pullbacks. Many investors/traders will wait for a pullback if they are starting to become bullish. Many of them might have been bullish for weeks now, but no pullbacks were afforded. Only the "balls of steel" investors were able to buy without a pullback and such are these cruel markets.
We have a bear flag forming that would Tank the whole market.! be careful.. or just to 7540 where it will be bought aggressively and possibly blast through the final long term trend-line, The top of the infamous Triangle of Bearish Doom that we have been living in for 5 months... Yeah F that triangle.
So bear flag. Well, it impulsed up making it bullish. It is ascending making it bearish..... My guess is that we either break down and hit support and come back up and test the resistance triangle, or form a new structure which easily could be a Bull Flag if we just had some bottoming action around the 7600 area level. This would be a very bullish scenario but what the H, we have ETF meetings in like a week.
I drew an example of what could happen of like 5. 1) Keep impulsing the hella outta here. 2) hitting Red support and coming back up to the resistance grey line. 3) As drawn, create a nice sexy bull flag and bust on outta here. 4) Fail, utterly and completely down to test our lows at 5700.
Volume: Nice heavy green volume. Could be topping or could be peaked interest/accumulation.
Target on this smaller Inv H&S is 7860
Million Dollar Challenge!? Get me to the first page and I will turn 12k to 1 million in a year. And publicize every move of the way baby! Get me them likes if I make 1st page then Ill commence the carnage...
Special shout out to Anish and Clinton.... My homies from the olden days.
Wow.. what action in BTC... Market cycles... Change in behavior. What the foul is this animal that were dealing with?
There have been many notable changes in behavior in BTC. It started with the first change in behavior in MONTHS on 6/29 at lows. We had an impulsive move up ... small consolidation (4hr) and then another impulse up. At that point this had been a novelty this was our first clue. After this, we came up touched the neckline and came down to form the right shoulder. Side-note: I had massive trades placed at 6200 area, unfortunately Rekt by 20 dollars when we spiked to 6088. But still, this area started our second change in behavior... 0 pullbacks. Many investors/traders will wait for a pullback if they are starting to become bullish. Many of them might have been bullish for weeks now, but no pullbacks were afforded. Only the "balls of steel" investors were able to buy without a pullback and such are these cruel markets.
We have a bear flag forming that would Tank the whole market.! be careful.. or just to 7540 where it will be bought aggressively and possibly blast through the final long term trend-line, The top of the infamous Triangle of Bearish Doom that we have been living in for 5 months... Yeah F that triangle.
So bear flag. Well, it impulsed up making it bullish. It is ascending making it bearish..... My guess is that we either break down and hit support and come back up and test the resistance triangle, or form a new structure which easily could be a Bull Flag if we just had some bottoming action around the 7600 area level. This would be a very bullish scenario but what the H, we have ETF meetings in like a week.
I drew an example of what could happen of like 5. 1) Keep impulsing the hella outta here. 2) hitting Red support and coming back up to the resistance grey line. 3) As drawn, create a nice sexy bull flag and bust on outta here. 4) Fail, utterly and completely down to test our lows at 5700.
Volume: Nice heavy green volume. Could be topping or could be peaked interest/accumulation.
Target on this smaller Inv H&S is 7860
Million Dollar Challenge!? Get me to the first page and I will turn 12k to 1 million in a year. And publicize every move of the way baby! Get me them likes if I make 1st page then Ill commence the carnage...
Special shout out to Anish and Clinton.... My homies from the olden days.