30min timeframe accumulation has ended. Perhaps finally time to embrace the bear wave.
Note
Minor correction on back test.Note
Also, to those following my previous ideas recall my chart targeting 8190. Note
Sucks that this idea is no longer a ‘popular idea’. Ha ;)Note
Will likely breakout of current distribution (check 1min) if true bear rally has begun.Note
Meant on inverted scale. Here’s a chart.Note
My bad. Even better, it was accumulation. Note
For fun, let us see how this forecast channel holds up.Note
I’m clearly a gambling man.Note
Should have guessed it would have first went higher bc I had already tested the white line indicated by teal vertical. Updated fun forecast.Note
Last fun forecast then I’ll stop spamming updates.Note
Ouch. That’s why you shouldn’t trade based only on 1min. On 5min we see that 1min pulled back to about the price at first bounce in the broken wedge (pull back price = red ray). If 5min doesn’t break above current wedge then price could pull back to 8665 on 30min.Note
Could be a great price at which to bounce...Note
Could be a breakout. Let’s see where c finishes.Note
More likely an extended fifth bc wave 3 didn’t reach 1.61 x wave 1. I’m still waiting for pull back.Note
Ok and that could have been the pull back... Note
Here’s the pull back. Notice wave 1 pulled back to .786. Wave 5 ended 200% higher.Note
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Consider showing a little support if this idea helps you to profit. If you do, you can find my trading wallet address in my profile. BTC only. I use PrimeXBT which only takes it for deposit.Note
Looks like 8575 didn’t hold. Could pump a bit.Note
Forget that teal line. Note
Can you feel itNote
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There’s that fucking snakeNote
Note
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Get ready for the pull back to test support. Note
Also, for those interested I published an updated idea.
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You can support these ideas by sending only btc to the wallet in my profile. Buy buy buy till target.Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.