BITCOIN Price Moves in the NYC Morning - New Pattern Detected

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
***I am not a TA charting expert.***

But I am a researcher and analytics professional outside of finance, and I see some consistent patterns in the data which you will be able to see as well.

If you saw my 9 April 2018 chart, I used non-traditional TA methods to successfully detect a pattern in the BITFINEX:BTCUSD price movement. That analysis concluded a major upward price movement may be coming soon and preceded the major actual shift in BITFINEX:BTCUSD from around $6,700 to $7,700 that did in fact come just a few days later on 12 April 2018! After a success like that, I am encouraged to keep searching for more patterns using my analytics skills and non-traditional TA methods.

I believe my ideas will probably not be something you hear from others, because I'm using wildly different methods.

My 9 April 2018 analysis was right in that I had detected a pattern that was consistent for around 40 days and finally broke. If you know $BTC, you know it has momentum. It very often (like people) continues to do what it has done before, until, it stops. While that may sound trite, it is not. In fact, what I have observed is that BTC often repeats its patterns until it breaks the pattern. I call those "pivot points." Those are the moments when the price becomes unpredictable, but also present the chance to make a big play, if you like to do that sort of thing.

All that said... I may have found a new pattern forming. Which makes a lot of sense given that the prior 40ish day pattern recently broke. Just like a person, after a break in a 40 day pattern $BTC would be expected to then wander around disoriented until it finds its new pattern.

Today's analysis:

What you will see in my new chart above is that I have observed what seems to be significant price movement in BITFINEX:BTCUSD in the hours between 3:00am and 8:00am Eastern Standard Time (New York ). Those are marked with a Flag.

I also used the Do Not Enter, circle with a line through it symbol to mark where this early morning pattern does not seem to hold. I see both some disorientation right after the major price jump by $1,000 (makes sense) and then a new pattern forming right after that.

Draw your own conclusions, but here is what I see in the data. Some big players are buying (mostly) or selling between 3am and 8am Eastern Standard Time (New York ) especially recently.

I'm only guessing as to why, but my opinion is that this is either institutional money in London (just starting the work day) or main street buyers/sellers in Japan (just ending the work day). Given the price jump on 12 April 2018, I am leaning towards institutional money in London - if I had to pick, which I don't have to pick.

Here is my prior chart for reference from 9 April 2018:

***This is not trading advice***DYOR***

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