SinSilyo

SinSilyo

my short term outlook on btc if move down i think it will still be inside the channel , at 2h tf

SinSilyo

looks bullish to me after breaking out from significant resistance with a potential bat pattern formation

SinSilyo

it look like forming a butterfly pattern with big green candles as a confirmation

SinSilyo

this is my short term bullish trend, after we broke out from significant R, price seem to form a uptrend parallel channel.

SinSilyo

were seeing a triangle pattern few hours or next day it will break, going to the 4hr or 1hr we can see a more detailed price action

SinSilyo

so most of altcoins i chart are flashing bullish signals, and since alts are correlated to btc price, then if btc breaks this level, altcoin will goto moon then.

SinSilyo

litecoin breakout with volume, clearly were in altcoin season right now

SinSilyo

been more than a week the bitcoin forming this uptrend channel, and now were hovering in a strong resistance, my take is that if price breakout from the channel with a failure retest we may see a corrective move of 50% to 60% retracement from this channel

SinSilyo

the chart on a 1w TF shows a breakout from a key level of support for bitcoin against altcoin, if this breakout confirmation validated this the altcoin season is just getting started

SinSilyo

wykoff distribbution. i can fell the FOMO kickin in right now

SinSilyo

on my previous post on a 1D TF it dong show big volume so i was thinking maybe it need to retrace first and then gain some volume to pump it up out of the channel for a bullish scenario so i came up to this possible plot

SinSilyo

im looking for a volume if we ever breakout from the downtrend chanel for now its not happening, volume is declining.

SinSilyo

my bear scenario

SinSilyo

if this is fractal then the breakdown on the horizontal line will probably a wick and go back up

SinSilyo

the gap theory

SinSilyo

btc looking bearish, 2 support areas im watching from here if this down continue it will create a gap down tomorrow in CME future and base on theory on stocks historical data, gap downs are likely to be filled up rather than gap ups

SinSilyo

>.<

SinSilyo

btc