On the chart, it appears to be a double bottom. MACD is fresh
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" The March 1 full moon is known as the Worm Moon. The March 31 full moon is typically known as the Sap Moon."
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Moon: 98.7% Waxing Gibbous
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4H update:
another double bottom within the double bottom on the D1 chart above
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a bit of slippage on the first day, went 'trade active' one day before the actual full moon day. my mistake
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double bottom pattern still in play here. held up by EMA 100
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an inverted C&H could play out (negative price action) before the move up. this scenario would make sense, as bitcoin has a possible giant impulse move up
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bitcoin's impulse move is weak, negating the inv C/H. factoring in all possibilities here
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still in double bottom
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divergence
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double bottom still good, with continued slippage. might be missing some data here to reduce all possible risks, can't be sure until the trade is complete
continued pressure on the reverse, RSI is bottomed on D1/ 0.382 fib catch net
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historic trade cycle confluence- March to July add long on 3Q MP March 9 is what the data says, needs price action confirmation
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reversal almost complete, slippage almost gone with incremental gains
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ema 200 swoop + fib 0.382 = solid support
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looking good. add long on 3Q March 9 is in play
Trade exit options to consider- revisit on March 17 due to New Moon cycle +1Q or let trade run to ride the March - July cycle or switch to btc in April to ride the April - June cycle
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some people asking me about ETHUSD. I have no fucking clue, this is an ETHBTC trade - they are not the same pairs
@uox, lol got my toes crossed for this - not a primary indicator for trading, but there is confluence with other indicators, chart patterns and price action
UnknownUnicorn1996518
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@Mooaccording to chart this indicator is one of the best! man, yomade my day!