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Just curious to see how this Fib Time Line Works out...

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well unfortunately I missed it too, (the first 2 %), Price hadn't moved yet when I plotted the 2% upswing, but as I plotted the possible 5% swing, price action had moved into the 2%. okay, my time line (distance to action) is usually not correct, either too early or too late, but I see some potential quick trades in here, (small profit taking). Good Luck

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I have some older trend and formation notes on this chart as those did prove accurate. However, my readings of indicators suggest that we are in for a Flat neutral movement. I see no reason that any major uptrend will start anytime soon. If an uptrend does start, bet that it will be a slow progression and it will seem like one, however remember the LARGE neutral...

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Just for fun, I have some outlined bearish pennants. Lets see what happens, and I'll update with screen shots if more pennants appear. These are good to look for when there's a downtrend started. How many will accumulate, I don't know, but have an idea not to many more. They are usually few and a diversion will eventually override it for an upswing, however not...

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I have a lot on the chart, lets decipher through this. Some of the information shown on the chart, for example, is from some previous Published Ideas like H & S and Double Top, which is not discussed at this time. First a Double Trend continuation. We have both a long term uptrend and a much shorter down trend. Both trends show no diversions. Both trends showing...

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What's this have to do with trading. Well, If you wanted to long, probably not a good entry point. If your Holding a Short good signal to keep the slide ride onboard. It is a signal that a continued downtrend is more likely. I'd have to suggest that most likely the next lower low will carry the diversion signal. Which doesn't mean the downtrend ends, it means that...

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Price develops a V pattern. It gives us strong indication for a steady price up trend. Along with this we should note/ and be aware, where trouble lies ahead. I've charted the neutral area and fall out zone. Price can develop a sideways action in a horizontal neutral zone not shown but visually with Dashed horizontal lines on the chart. Keeping an eye on your...

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Wondering ... an area where price has no resistance for the fall-out. Look to the left another pattern to look for, this also works when price is going up.

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Yeah it's the 15 min trivial... see what happens. Identifying patterns is good training to always be watching, regardless of the time frame. I start with easy ones, I will post others in the future, keep an eye out for where your indicators are and the pattern, as the pattern will react different to different levels in your indicators.

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So strong the Bulls are, and never discount this with BTC. This chart showing the Daily diversion that has developed. Shown is my theory on its retracement. Nonetheless BTC will make newer highs in the future.

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Huh, I had this diagonal black line drawn on my chart two week ago, currently price has been using it as a ceiling. Lines and boundaries do eventually fail. Does price bust through and upwards soon ? or will price take that nose dive down first ? I haven't a clue this time we're all in the middle of the pandemic COVID-19. My best guess is lower prices eventually...

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From this point in time... 20% chance price goes upwards - 80% chance the downward trend hits new lows. There are more peeps betting longs usually than shorts. I have included the synopsis on the indicators. There's the 20% chance price this weekend decides to go no further down and a new temporary bull trend starts There's an 80% chance price develops new lower...

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Yeah, most of the indicators are wanting up. The 4 hour is the only weird one, and is the only exception I see not starting an immediate upswing. My cards are already in for the long haul. If it really does go down ... ouch, then we have to wait for the 4 hour to bottom out or reset for the upswing. I have a snapshot of my indicators for the Daily below....

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I think at this point in time because of the weekend and low volume (except for the random spurts of high volume), we should anticipate watching price action closely, along with trend lines. Some indicators are running flat, some of indicators (Stoch) are either all the way (down or up). So this leads to confusion and it's best to follow price action very closely...

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Should generally and eventually trend in the upwards directions, meaning higher highs. There's few indicators trending downside that could possibly take over and push price into a downtrend and this is why I'm watching the price action with trendlines.

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See how this plays out. Price could go beyond lower than that blue line, which would incur a much larger swing down.

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Seems to me the bearish drop is lacking strength, it might be the resulting pull of the weekly MACd crossing over in to positive, pointing up and moving upwards. Careful with the entry for long --- Price can still take a considerable dip due to the Daily indicators dropping off the cliff, moving downwards, and ready to pass under the 50 yard lines. I think that...

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Seems like price needs a little relief dip. This scenario gives a realistic possibility. Stair stepping its way down.