After posting the 1Hr observation and mentioning we could bounce into a symmetrical triangle we seemed to have got this pattern. It makes a lot of sense for this to happen. Why? well when we were looking at BTC and Bakkt release date for futures trading the market did the same damn thing...it went quiet and sideways fort accumulation inside a symmetrical triangle before we broke out down.
Well if we are getting thanksgiving discounts for the conference we will head to .23 - .25 cents again. Which I really do not mind at all. Just means more to collect for the future back at 1/4th the discount price from 1.00
If we shoot up to test above .30 I will also be happy because that means we are trying to at least push to .42 - .50 cents before the end of the year and we will take a hard grind for a month and a half to get there.
These patterns we have to just sit and wait for a good entry on.
It is 30min till 11AM . We went up 1 hr in time so this means price probably will start to go bullish by 12am to 2pm
The middle "hump" inside this triangle is shorter than the first hump and last hump. This means there is more buying pressure than there is selling pressure inside the triangle. This is why we have 3 higher prices right now for lows and a high low high for the top.
A breakout and consolidation upward is what we need to head to .33 cents by Nov 07th - Nov 08th.
That is my predicted price by day 2 of the conference. So the 08th of Nov .33 cents
If we zoom out a little you will see we have a nice double bottom / inv head n shoulder on the 1 hr.. we are also above the coil and holding nicely.
Most people will put a buy stop around .3057 so they dont miss the impulse. If you are a buyer it might be a safe bet to place a pending order for the breakout.
At this current time I recommend we sit and wait if you havent bought in for day trading.
Well if we are getting thanksgiving discounts for the conference we will head to .23 - .25 cents again. Which I really do not mind at all. Just means more to collect for the future back at 1/4th the discount price from 1.00
If we shoot up to test above .30 I will also be happy because that means we are trying to at least push to .42 - .50 cents before the end of the year and we will take a hard grind for a month and a half to get there.
These patterns we have to just sit and wait for a good entry on.
It is 30min till 11AM . We went up 1 hr in time so this means price probably will start to go bullish by 12am to 2pm
The middle "hump" inside this triangle is shorter than the first hump and last hump. This means there is more buying pressure than there is selling pressure inside the triangle. This is why we have 3 higher prices right now for lows and a high low high for the top.
A breakout and consolidation upward is what we need to head to .33 cents by Nov 07th - Nov 08th.
That is my predicted price by day 2 of the conference. So the 08th of Nov .33 cents
If we zoom out a little you will see we have a nice double bottom / inv head n shoulder on the 1 hr.. we are also above the coil and holding nicely.
Most people will put a buy stop around .3057 so they dont miss the impulse. If you are a buyer it might be a safe bet to place a pending order for the breakout.
At this current time I recommend we sit and wait if you havent bought in for day trading.
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15M VIEW of CHART
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Hope everyone is enjoying this jump. Pretty damn strong! Hope the bus keeps going!
