We're in a short term compressionary period and the long term mean reversion pivots are still miles away. Sit tight, trade some short term lateral chop and wait to see if there's downward net expansion.
We're squished between the mean reversion pivot and the weekly 50 MA.
I do believe the previous move was the UTAD of the accumulation range
I am expecting a downward break. Reentry of the 1050 1.25 stdev on the 1h will confirm this.
Well here we are, we've tested the swing high target expected from the previous crash pattern.
The weekly 50 MA is liable to provide significant resistance as an institutional benchmark. We've followed all the moves of Bitcoin's previous crash pattern to the letter over the last 15 months. The same mean reversions, respected benchmarks, and even the generations...
Getting real close to the mean reversion pivot on BTC, target is around 4,200 to the downside if it's crossed.
Of course, if we do retrace that far implying that we'll go down fully to the weekly 200 is easy as well.
Ok. Went ahead and loaded up the bollinger bands of all the most relevant periods on the four hour using the heat map.
The bottom indicator is 32 different periods of bollinger bands, scaling logarithmically.
Blue and green values represent a very tight bollinger band.
Yellow and red represent a bollinger band with wayyyyy too much width. The more width on a...
I'm aware the title has offended you. Read through this post anyway, I'm sure I touch up on your complaints.
Stop forming your identity around your strategy. Even I am not immune to this. it’s all too common to form a personal relationship with the tools you’re using to trade. Whether that’s the indicators on your chart, your Gann shooting star wave pattern...