BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I don't why but it takes nearly 51 days to see the dip. Interesting...

*** The information is just an idea for educational and discussion purposes. ***
Comment: Probably we can see the next dip between 13 sep and 16 Sep.
Comment: A small H&S pattern in 5 min TF. I'm afraid of this one also will fail.

Comment: Trade is active.
Thanks for your support, mates.
Comment: If it closes a day below 7500, be ready for the next dump.
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Trade active
Comment: The new deadline for ETF is September 30th. I told you )))

https://www.sec.gov/rules/sro/cboebzx/20...
Trade active: The second support zone (6750-6850) was broken. Now we are going to 6600, then 6000.

Comment:
Trade active: As I mentione the support levels were :
1) 6900-7100
2) 6750-6850
3) 6000-6200
4) 5600-5800
5) 5250-5400

The second support level was so strong one. Always if it breaks down from a strong support zone, then that support zone becomes a resistance. So I predicted it would act like that. (The light red line was my prediction). As you see it bounced from 3rd support zone, then jumped to previous support zone(resistance)

The other hand look at the EMA20 (RED), you see how EMA20 push the price down? and look at the volume. Such pumps are fake.

Trade active: The 3rd support zone was broken

Trade active: The right should.

Trade active
Comment: Wait 5-7 days. :-)
Comment: I'm so sorry for less activity on updates.
Seems 6K was the lowest point of "51 days" pattern. So what's next? I think it can rise within 24-26 days to 7000-7200. If BTC can break up 7200 with the nice volume I will think bullish. Right now it is really neutral.
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Comments

Wouldn’t a 4th visit to the support mean a potential break of market structure? I think we are going to break resistance, CBOE wouldn’t apply for an ETH if Bitcoin was doomed to go further down, they know Bitcoin is about to take off regardless if the ETF gets approved
+3 Reply
taylor.ranny Poukitoun
@Poukitoun, I liked your approach. Maybe. Let's wait and see )))
Thanks for comment bro.
+1 Reply
Thank you! what do you think will happen afterwards?
+2 Reply
We're almost there. Outstanding TA mate.
+2 Reply
Excellent chart. We have a very similar perspective with the Fibonacci retracement levels working to perfection in identifying this Lower High on 1W. Selling for the next few weeks has commenced:

+2 Reply
taylor.ranny InvestingScope
@InvestingScope, Thanks for sharing!
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Very interesting, but the pattern trade is very dangerous.... Especially when individual investors see the pattern
+2 Reply
taylor.ranny reverie153
@reverie153, Agree with the dangerous part.
+1 Reply
nice work

won't happen, though
+2 Reply
taylor.ranny lisek15lisek
Reply
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