Most of the techniques that I use, including a unique personal formula all point to this sharp incline. The stopping point of the line is arbitrary and a complete unknown to me at this point.
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I made a slight correction in the angle of the line to account for minor fluctuations and I added this second line below.
If any 30min or higher timeframe candle closes below the bottom line then the uptrend is invalidated. The further a candle gets to the bottom line the greater the chance that it is invalidated becomes.
If any 30min or higher timeframe candle closes below the bottom line then the uptrend is invalidated. The further a candle gets to the bottom line the greater the chance that it is invalidated becomes.
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Everything is moving according to plan after making that small adjustment at the start. For now I believe full well that we are going to $12,000ish this line may even hold out for the entire ride there. Good luck and keep your money safe!
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I just went over all the timeframes I use again and discovered that this may stall and break down at any moment (or it may not). 50/50 - their is a chance that the move up will not happen until tomorrow between 4 hours before daily candle closes and 4 hours after it closes. So if you are long and things start to look bad makes sure y get out in profit. I will make a new post tommorow with the expected trend line if it comes to that, we will just continue up and down until then if this line breaks
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Everything has continued to look great so far, the chance of things falling apart at any time until near the daily candle close today still exists, but with the pickup in speed since the last hour closed things are looking better for the delay to not be needed...
If we continue undelayed then one of two scenarios will likely occur.
1.) this current 4 hour candle closes at $9900+ at which point the 12 hour will almost guaranteed close at $10,000+ and we will continue up this trend line.
2.) we continue to vert slowly go up The trend line hugging the bottom of it.
If we continue undelayed then one of two scenarios will likely occur.
1.) this current 4 hour candle closes at $9900+ at which point the 12 hour will almost guaranteed close at $10,000+ and we will continue up this trend line.
2.) we continue to vert slowly go up The trend line hugging the bottom of it.
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New post:
Also you can ignore the 4:45pm test in the original graph, just a piece of calculation that i didn't remove.