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BTC/USD Tripple Doji/Star? Reversal Pattern? or Hidden Rocket?BTC/USD - Coinbase Notes: Much of the market including meme coins have similar structure to BTC but not 1:1. (obviously..) Before we had double dojis but now it's getting ridiculous with a potential Tripple star candle stick pattern. 2 doji's mean's equal potential in volatility but 3 has a directional Narrative/Bias. Volume has been going down shown on the monthly and weekly. Usually I would have something with my indicators to suggest direction of some sort but I'm dryer than the Sahara Desert. The supposed pattern forming is not confirmed yet but even if it does it could fail, meaning a bullish strong push but bulls are not out of the water yet because the triangular structure in play could form a weekly false breakout. This would be devastating. There are multiple scenarios for bearish and bullish. But it's not looking to good for the bulls is all I'm saying. I would save your Leverage Trades for a confirmed breakout or when the trend actually finally changes. This is a risky place to be. Placing stops in terms of timing is going to be highly important. -Charting has been a nightmare on the daily due to BTC's movements. -I am just looking at the spectacle from the daily-weekly-monthly perspective. 4 hour timeframe is a headache and a half. Hope you enjoyed.
BITFINEX:BTCUSD
by bloodbound696
9
BTC/USD - Coinbase 4hr Volume wells & New Weekly CandleBTC/USD is in a volatile range within the fullness of the 4hr timeframe, essentially Scalper city. Potentially a diamond could form on the 2 or 1 hour between today and tomorrow. Our new weekly candle is a TD Red 9 and the TD Sequential indicator has marked our support at $33393 that if we close under it (in theory) we should go lower Again because of previous analysis I'm short due to the weekly Diamond top so in theory all these "temporary" structures should be bearish and fail. We did get some interesting price action on the 4hr and looks like price is reversing again due to a tweezer top but due to the volatility of the zone of the "broadening wedge" of the 4hr that could change in a heart beat. Many scalper plays seem available but big daily plays are still forming and it is a bit early to make a call. TTM Squeeze on 4hr could turn bearish.
COINBASE:BTCUSD
by bloodbound696