M4B0X.

Bitcoin 4h Buy Setup - Three Drive Pattern

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Also price is back inside 4h BBands.
Still cautious with this pesky price action.
Comment: Looking good baby, nicely painted hammer for daily close.
Comment: And we have a lift-off!
Comment:
Comment: Target 1 hit, closed some longs.
Comment: Hourly Should bounce a bit here but generally, clueless now.
Trade closed: target reached

Comments

Thanks this pattern has a good success rate

You could see same pattern on weekly chart if btc dump to near ~5100

https://s3.amazonaws.com/tradingview/snapshots/o/os6WdXA2.png
+1 Reply
M4B0X. utechs
@utechs, yup I see, had similar target with setup from ~3 months ago, 33% drop from that rounded bottom.
+1 Reply
I fear the end of the bear market usually 3 drive fails.
+1 Reply
M4B0X. trueorfalse
@trueorfalse, Same here but then, PLB playing smart guy and bashing crypto ppl on twitter again.
https://twitter.com/PeterLBrandt/status/1025507797406900225
So all good ;)
Reply
But I'm also long from this dip.
Reply
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