This is a continuation of my "Bitcoin absolute worst case scenario, possible bottoms" I would recommend looking at that to explain this a little better. Just waiting for institutions to take the short positions for themselves distribution consolidation pattern until we get a nice big drop.
Trade active
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Possible bart forming on 15 minutes chart. Added a short position.
@VaidoVeek, yea :D have you seen my bart analysis? I think we are heading for one
VaidoVeek
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@JamesRkaye, yea I have seen this, but at the moment I don't see a very strong similarity! To small/thin "head" :D
JamesRkaye
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@VaidoVeek, the head is bigger now tho :D maybe 1 more high, hard to tell
VaidoVeek
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@JamesRkaye, ahah..true that! I made one educational lesson also about this head area :)
All the best to You!
JamesRkaye
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@VaidoVeek, hello again man :) nice to see you again. Yea biggest sign to me is the break of the previous high then the "engulfing". It may rise more as institutions wait to get short but eventually I think this will head to 5k
VaidoVeek
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@JamesRkaye, yeah sure! This setup looks pretty massive and especially when it's based on Your "Bitcoin Manipulation pattern?" - looks like this also!
There is also an "Engulfing" pattern on the very strong resistance area!