Hey, guys. I noticed few more details in the Bitcoin pattern I posted earlier (see related ideas). All previous patterns were winners. The pattern consists of five steps (look at the chart). After step 5 we have a bounce that is at least 80% of move 4 size (sometimes larger:)). I marked them all with blue arrows on the chart. They are the moves that can be easily predicated with the pattern.
Comment
⋅
step 5 (minor consolidation) is often a double top/bottom
Beautiful chart guys and very clean analysis. Amazing work.
We're watching the sideways action right now but I think there could be a huge move down soon. We are watching for a possible bull trap but just wanted to stop buy and say we really like you're TA. We have become followers of you and love what you're doing here on TV. Cheers!
We're watching the sideways action right now but I think there could be a huge move down soon. We are watching for a possible bull trap but just wanted to stop buy and say we really like you're TA. We have become followers of you and love what you're doing here on TV. Cheers!