What I'm about to share is an incredible fractal comparing current price action to the summer pump of 2018.
I'm going to do my best to break everything down here in the description.
First, on the larger time frame we have a monthly MacD cross in both the summer of 2018 and current time frame.
That alone is not something...
Purely by accident I noticed the similarities when looking at the possibility of going to $8500.
It seems our last week in hourly candles has played out nearly identical to the Nov 2018 - Present Day timeline in daily candles.
The descending triangle on our daily broke down to roughly 50% of its target.
If the hourly descending triangle does the same that will...
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...