BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
I want to state very clearly this is NOT a complete pattern therefore it is NOT valid yet. I am creating this new thread to continue the analysis I begun in December, as that thread ran on too long in the comments, every call there was correct and it extends from December to February:


I trade positionally, I do not trade small swings. So I have been waiting for a sign, some sort of indication of a larger trend forming on the longer timeframes, after I predicted the price recently topped at 10550.

This might be something, it might not. At the moment that's all we know. I will continue to update my thoughts here...

With the disclaimer as always that if you think I am interested in your opinion, you are mistaken.
Comment: Already had a question about this, since apparently people can't fkin read.

IT'S AN INCOMPLETE PATTERN THEREFORE MEANINGLESS RIGHT NOW - The right shoulder may well dip further...
Comment: Let's have some updates on the daily. We're hovering around that old S/R. The C&H pattern I mentioned in an earlier thread, alongside the inverted H&S is starting to form:

Comment: On the W, we have used the 50MA as support. This is positive.

Comment: Is it enough for me to pull the trigger on my bids? Not yet. But i'll tell you lot something, it's getting close.
Comment: Herein lies a valuable lesson in patience. No pattern is valid until it's complete. We will see support at the 100MA in the next instance. After that we will wait and observe

Comment: The original ascending triangle is still very much in play on the D

Comment: @hubavka you were the chosen one and yet there you are making predictions off a 60m chart.

How the mighty have fallen.
Comment: If we are going to bounce anywhere it'll be here. Notice the 100MA support and that same 40RSI:

Comment: Also coincides with full retrace of ascending pizza

Comment: If we bounce there, then it's... interesting. But i'll keep my thoughts on that to myself for now.

Comments

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