f-73

No need for fancy stuff. Simplicity works.

f-73 Aggiornato   
BITMEX:XBTUSD.P   Bitcoin
We have a big and almost symmetric triangle on candlestick chart, which is further confirmed by RSI.

All you need to do is to sit and wait for breakout of both.
Commento:
By the way, if you zoom in a little and add a few indicators:


You'll notice that:

* price touched today the upper bound of the triangle on candlestick chart, which is a resistance
* price sits almost at the upper bound of the triagnle on RSI chart, which is a resistance
* price sits almost under upper Bollinger Band
* Price sits on the edge of Ichimoku Cloud
* Price sits just under EMA 50

That's quite some resistance ...

Don't pick a side now, it's not worth it.
Be patient.

Sit on the sidelines and play the breakout.
Commento:
Peeking inside the triangle.

We may have either a diamond top or a half staff.
thepatternsite.com/diamondt.html

Difficult to say.


Anyway, it means volatility is coming.
Commento:
Patience.
Commento:
Well, clearly a diamond top ...
Commento:
Rising wedge at target, price near support.
It's likely a pullback and a ABC orrection.
Next few hours will tell.

Commento:
ABC, as expected
Commento:
Commento:
Now likely to rebound
Commento:
We're back to the first half of december, with lots of manipulation.

Five times today we had an attempt of breakout rejected methodically.
It's getting a tad boring.
And ridiculous.

Commento:
The last one, minutes ago, was appalling.
Couldn't believe my eyes.

Sadly this volume allows this kind of stuff.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.