Heya,
Saying again the blablabla don't trust me, do your own research and such. You know how it goes.
Anyway, seems like we're -possibly- building up a bearish bat pattern.If the pattern is completed we will form a new bullish trend line. Consolidation from the bat pattern will take place and we will test the lower boundaries of the trend line. In case it holds, we will ride the trend upwards.
Support for this idea I can find in the 45min chart from:
-Godmode indicator, which shows there's still room for growth in our current micro trend building the right wing of the bat.
-We can also - and quite probably return close to the 0.786 fib wedge. We see that 24-25.4.2018 were special FOMO rallies and now we're in the consolidation state which will end once we return to the "normal"
-We haven't broken the main uptrend line, so we're still bullish (dotted channel, was drawn on LOG to confirm we're still in).
-WWV shows the worst FUD-state has gone, so waiting for some green printing until bearish bat wing has been completed.
The idea is invalidated in parts. First is invalidated the bat-pattern if the microtrend breaks. After that the 'future' trendline has to be redrawn based on the highest and lowest points, so, invalidated. After that, the major bullish trendline and after this the fibo trend. Listed as from most probable invalidaton to the most unlikely.
Comments welcome, and repetition of the blahblahblah do your own research and such mumbo jumbo.
As a bonus:
15min chart for I don't know why. I'm not big picture guy I guess.
Saying again the blablabla don't trust me, do your own research and such. You know how it goes.
Anyway, seems like we're -possibly- building up a bearish bat pattern.If the pattern is completed we will form a new bullish trend line. Consolidation from the bat pattern will take place and we will test the lower boundaries of the trend line. In case it holds, we will ride the trend upwards.
Support for this idea I can find in the 45min chart from:
-Godmode indicator, which shows there's still room for growth in our current micro trend building the right wing of the bat.
-We can also - and quite probably return close to the 0.786 fib wedge. We see that 24-25.4.2018 were special FOMO rallies and now we're in the consolidation state which will end once we return to the "normal"
-We haven't broken the main uptrend line, so we're still bullish (dotted channel, was drawn on LOG to confirm we're still in).
-WWV shows the worst FUD-state has gone, so waiting for some green printing until bearish bat wing has been completed.
The idea is invalidated in parts. First is invalidated the bat-pattern if the microtrend breaks. After that the 'future' trendline has to be redrawn based on the highest and lowest points, so, invalidated. After that, the major bullish trendline and after this the fibo trend. Listed as from most probable invalidaton to the most unlikely.
Comments welcome, and repetition of the blahblahblah do your own research and such mumbo jumbo.
As a bonus:
15min chart for I don't know why. I'm not big picture guy I guess.
Comment:
Here a little extra for the "bigger picture"
Comment:
Comment:
Bat idea got invalidated, thus also confirming we're still in the bearish trend line:
Dump:
s3.amazonaws.com/tra...shots/v/viXffciE.png
s3.amazonaws.com/tra...shots/n/nQkuI3Wl.png
Bitfinex current trend line:
Test of 600's incoming if sell walls are not removed.
Dump:
s3.amazonaws.com/tra...shots/v/viXffciE.png
s3.amazonaws.com/tra...shots/n/nQkuI3Wl.png
Bitfinex current trend line:
Test of 600's incoming if sell walls are not removed.
Comment:
Credits of the 2 borrowed pictures to Winthan and Jackh1312 :D