PatternRecognition1

PatternRecognition1

- aggressive FED - recent HTF bear flag reaction - HTF POC lost Expecting a nice move down. HTF trend line (trending support) has been lost so optimal entry will be on the retest of that trend as resistance for confirmation of strength in the move. Lagging entry (backup) also labeled in case of sell pressure keeping us from that resistance confirmation above.

PatternRecognition1

Just an update for my previous chart. Price cascaded into the lower portion of yellow box as well as the "bull bounce zone" instead of catching support in the middle confirming BULLISH C+H potential. Now very close to the macro trend inflection point hinting at possible larger moves on HTF. Expecting continued downside after a possible small relief rally. ...

PatternRecognition1

Major decision window approaching. Middle of the yellow box is neutral BULL and BEAR zone. A handful confirmation candles on either side, above or below, will likely determine the larger move into either TP area.

PatternRecognition1

A crude map for the potential future extrapolation of previous market patterns.

PatternRecognition1

Watching for a large move outside of this consolidating triangle. Bear flag-ish on HTF structure (1D+) so slight bias to the downside. Mostly paying attention to the squeeze on bollinger band and the impending inflection point for the trend lines.

PatternRecognition1

Noticed we were beneath some higher TF POC's (2hr) from two different moves. Bear flag-ish on HTF + exchanges halting withdrawals before the weekend made me lean bearish and look closer to develop this thought. Support structure look weak, liquidity grabs to the upside getting completely walked back down made me think there's a bigger downside move just waiting...

PatternRecognition1

Just some speculation on the relationship between BTC and ETH growth when factoring the Bitcoin halving.