PonziUnit70

Three Drivers Pattern on Bitcoin - corrected

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
While not plotted off exact bottoms and tops, the Three Drivers Pattern now fits with proper ratio and within the price action of bitcoin . It is also not a perfect fit according to time as the second fractal is a shorter time frame than the first. After learning about how this drawing tool works, this is the best I can come up with to honor the rules. https://www.tradingview.com/stock-charts...

Bringing journal from previous chart:
Short term call. Looking for an upside down head and shoulders pattern that rhymes with the Three Drivers Pattern already on the chart. Need a price rise to near 710 over next few weeks or one of my fractals / projections is broken. updates: 5/27 if break below 550, support is 473... 5/30 right up under the trendline @ 629., 5/31 still under the trendline @ 640

Comments

Amazing, thanks for sharing.
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