As time goes by, the markets evolve.
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns / support or resistance
-Dotted lines; Possible price-action trajectories / trend
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Had to delete last idea, was too messy. I've cleaned it up a bit.
My s/l got triggered, fortunately at a small profit. Can't win'em all. It looks like a head & shoulder pattern formation occurred. Leading to bitcoin's trajectory going off it's expected course. But it is forming a more logical pattern concerning the beta trend. It is looking like a pretty big rising broadening wedge that is forming, which has a bullish trend but a bearish break out. Let's let the market evolve for a bit and see which possible pattern formations are forming. I might venture the lower time frames in the meantime. But for now it's looking bearish .
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If you don't want to miss out on any of my daily technical analysis . Then click tap on that follow button and don't forget to like ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders!
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns / support or resistance
-Dotted lines; Possible price-action trajectories / trend
--
Had to delete last idea, was too messy. I've cleaned it up a bit.
My s/l got triggered, fortunately at a small profit. Can't win'em all. It looks like a head & shoulder pattern formation occurred. Leading to bitcoin's trajectory going off it's expected course. But it is forming a more logical pattern concerning the beta trend. It is looking like a pretty big rising broadening wedge that is forming, which has a bullish trend but a bearish break out. Let's let the market evolve for a bit and see which possible pattern formations are forming. I might venture the lower time frames in the meantime. But for now it's looking bearish .
--
If you don't want to miss out on any of my daily technical analysis . Then click tap on that follow button and don't forget to like ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders!
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Textbook 101 one, why not to venture lower time frames: Crazy patterns within patterns, within patterns. Patterns changes so quick. Also why I do not recommend threading these waters.
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TIP: Only thread these waters when you have a steady rational mind and high level TA skills & techniques. Otherwise leave these realms, until you have acquired enough skills and experience. Only then you should consider analyzing threading the lower time frames.
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Might have missed a few possible forming patterns. However these are the ones that currently most speaks to me.
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Forgot an important line, break out trajectory form the falling wedge(purple lines).
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Oops, i meant the blue lines
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Updated FBW purple trend line, apparently I went a bit overboard with the wave lengths.
