See what happens, with this 'number' pattern. Soon, I'm unusually busy for the weekend, I cannot easily adjust it if needed, I'll be viewing this from my cell phone.
This one is for the general picture idea backdrop for Divergence work.
Indicators are going to move, and how much price reflects these moves we will see. There's a sense of a sooner than expected Slide zone forming, which destroys this trade of ever forming most likely. That's the risk of waiting for a peak double top area spike that may never happen. I added in the (.50 BD line, which was just adjusting the pink triangle point D a...
I adjusted the Blue Lines much more accurate and longer with the extra data. Check it in 4 + hours. I'm still thinking a short set-up is coming in. We should consider a possible H & S pattern forming if a spike occurs up, the last shoulder with a {"BD line" near .50 ~ not shown} can bring light to a short. The Divergence forming for this trade should be a Hidden...
What I'm looking for on my indicators to help enter the short. Otherwise if the indicators don't work out, neither does the trade.
We are running down from point C, from the AC line divergence (not shown), which took price into 2 plausible shown patterns. First I like the Black Line play, Shown, it's in play. Pink Bearish Alternative Bat, w/ pink arrow showing normal flow out. Yellow Bullish Shark Pattern, w/ green arrow showing normal flow out.
New feature added, Yellow/Brown Bearish Bat pattern. Maybe from this pattern, price channels here upwards.
Lined out a logical area that price might find a new channel, and how far it might reasonably drop to.
This design shows us 2 bullish patterns. Pink Bullish Deep Crab and Blue Bullish Shark Pattern. Is this enough for a 20%, 5-day ride to 7200's or too another surprise 15% sneak to the 4800's at some time after climbing 12% first. I did take a short, that was nice... later took a long...which was larger....uumm that one was too soon. Lost only $45.oo, which was a...
Gonna play a Pink Bullish Bat upswing towards the pinnacle top of the Bearish Butterfly. lmao ... is this for real ??
The numbers are very close, now the pattern stays.
I now have house money as my short did finally end as this price spike movement handed me my 14% price move limit. This recent spike enters into the arc's green guideline zone. First time for the ARC design, we will all see if price cruises along with the green guideline pattern. The failing arc MACD pattern?? well there's still an arc pattern of some sort going...
I still expect price to work it's way on more of a downtrending cycle to 6100's before seeing any sort of 7000's trend. Of course with BTC we can see a 600 USD one day candle spiking either way, because history has previously done it before. Did a small amount of backtesting the arc on the MACD, in conclusion, I added a broader spanning arc now.
Price will do what it does. I placed in the rectangle box areas, showing my areas of concern today. This is what I'll be watching closely, and obviously my chart is designed showing a MACD downtrending arc, which is becoming in question, and happens to be the larger scaled scenario. If the design breaks down or up....decisions will be made.
Is this MACD indicator a possibility? absolutely is...Price will do what it wants. Enjoy the profits.
This helps see a different less noisy view than the 15 min for a comparison.