Bitcoin appears to be following textook Wyckoff logic.
If price continues to move as expected we should see a drop to the golden ratio ~ $9939 within the next 24-48 hours.
I would have liked to seen price come up to test the resistance from the underside but price/volume is struggling to get there.
As it stands I was already short but I may miss adding to my...
I have been short on Litecoin since the $127 area but am starting to think it may be time to close that position at <$90.
We seem to be in the tail end of Phase B of a textbook Wyckoff pattern.
If that does indeed turn out to be the case, Litecoin could potentially make a run to test $150 plus turning what has been an incredible trade so far into a real dud....
The "three peaks and a domed house" pattern was identified by George Lindsay nearly 70 years ago.
The pattern can be identified by a parabolic move up followed by a period of consolidation with three peaks.
The three peaks are followed by a drop to previous support levels, a dead cat bounce, and finally the final drop to the general vicinity of the start of the...
To be clear I don't expect this idea to come true.
Its more like a "dream come true" if it does because it'll mean buying bitcoin at least semi close to the area I bought my first Bitcoin more than two years ago.
Still, I do find it plausible after such a violent run up.
Essentially we'd discover that we're actually in a much larger B wave right now with our...
There's nothing fancy here, just a basic fractal between 2017 and 2019. So far we have similar size rallies taking place over similar length time frames.
We have what appears to be an A leg of similar length to the A leg of June 2017.
We have what appears to be a B leg in progress also similar in length to the B leg of the summer of 2017.
I expect the "B...
This is my first shared idea on TradingView, would appreciate any feedback/critiques, thanks!
Essentially I've spent the last two years trading full time but only recent started expanding to new setups/patterns such as the cup and handle.
After reading up on it I noticed Litecoin seems to be in a text book example.
We had our cup from May 2018 - April...