BTC/USD -Coinbase Update on diamond. and general updates.
Mis à jour
Ok here we go...
Up or Down, - dumbest question, I wish trading view has an option to call a long or short, with a specific time frame, like i'm long for reasonably X amount of time or something... like a call is from one date to another like as if it was fixed range of time you get to choose or referencing a call for.
Im going to make this... as simple as I can...
Long term, So far down. Why? TTM histogram on the weekly looks horrendous, what does this mean? It means i'm expecting volume to go into a great "overall" not that crazy... but overall sell off in the month(s) to come.
Short term, meaning Now and perhaps between next week, Up if we can stay along the edges of the Major triangle depicted in my chart.. (if you must know i added a brownish line wayy up top, thats where the highs we made pre-hand are farthest connected if you want me bullish or something for more an just next week, we better make a strong boom from there, to "modify" the ttm weekly histogram trajectory because that thing looks gross so far. there is a chance the move down wont be sooooo dramatic if we dont make huge gains on btc but i would be expecting a 3k-4k move overall by then if the ttm keeps curling down like that. Regardless I am bullish because of the ttm squeeze on the daily we have another daily candle to the upside woot woot!!! plus we have... ehh kind of recovered where we where but this place in price action isn't as awkward as before, we had it coming with the drop even if it was slow, 4 hour divergence on the rsi or the VAPI if you use it.. at all.. anyway we are here now... and this is what ive found so far.. and ive double checked this time... I promise lol the 4hr,3hr and 2hr ttm histograms are curling to the upside.. and we not even over the line yet, which is awesome... also, We have hidden Bull div on the VAPI on the 4 hour (think of it like having bull div on the classic volume indicator but better much better) Although.. there is some bear div on the VAPI on the 2hr 1hr and 45m which tells me we might have a small dip soon because of that, 4 hour is a strong timeframe, hopefully overall it can withstand that shortage in volume as time passes and doesn't ruin that all that "apparent" bullish buys that could come in the later hours, its not the OMG div but.. the 4hr has it. Now.... *sigh...* the rsi... The rsi has hidden bear div, on the 30m-15m there is some potential at 45m if we close slightly higher, (not that impressive) and Ive double checked for divergence stretching the indicator and all that i swear. Basically i'm awkwardly bullish but.. don't cocky. Anyway we have more space and "excuse/reason" to go up, if we can ramp up some volume, i see we have been trying to close above the orange line, which is actually the floor of a very thin long channel which is awesome, and plays out good with my idea of a diamond which i have been talking about since the last chart I made and so far so good.. I am, hoping for a move up higher to $10,800-10,750 area to supplement further the idea of my imaginary diamond lol. Also if we do get into those areas it would hit my purple area, which is a target I had for a while now and thats always cool... also we would find ourselves to squeeze from a another triangle where my purple area is and if we fire on the daily or at least if ppl start seeing that it's going long.. then... peace out 10.8k lol... Keep in mind something that I have been thinking about lately is that if we shoot up from there... and i'm already expecting that it wont last for long... Basically on the macro side of things.. (ever see a triangle burst up outside the top to just dip down... ultimately, yeah.. I think that might just happen it ties all my BTC conspiracies lol that has confluence with the ttm on the weekly turning bearish.. so think about that.
Stay safe, happy trading, Use stop losses- don't be that guy... just do it, use it.
Up or Down, - dumbest question, I wish trading view has an option to call a long or short, with a specific time frame, like i'm long for reasonably X amount of time or something... like a call is from one date to another like as if it was fixed range of time you get to choose or referencing a call for.
Im going to make this... as simple as I can...
Long term, So far down. Why? TTM histogram on the weekly looks horrendous, what does this mean? It means i'm expecting volume to go into a great "overall" not that crazy... but overall sell off in the month(s) to come.
Short term, meaning Now and perhaps between next week, Up if we can stay along the edges of the Major triangle depicted in my chart.. (if you must know i added a brownish line wayy up top, thats where the highs we made pre-hand are farthest connected if you want me bullish or something for more an just next week, we better make a strong boom from there, to "modify" the ttm weekly histogram trajectory because that thing looks gross so far. there is a chance the move down wont be sooooo dramatic if we dont make huge gains on btc but i would be expecting a 3k-4k move overall by then if the ttm keeps curling down like that. Regardless I am bullish because of the ttm squeeze on the daily we have another daily candle to the upside woot woot!!! plus we have... ehh kind of recovered where we where but this place in price action isn't as awkward as before, we had it coming with the drop even if it was slow, 4 hour divergence on the rsi or the VAPI if you use it.. at all.. anyway we are here now... and this is what ive found so far.. and ive double checked this time... I promise lol the 4hr,3hr and 2hr ttm histograms are curling to the upside.. and we not even over the line yet, which is awesome... also, We have hidden Bull div on the VAPI on the 4 hour (think of it like having bull div on the classic volume indicator but better much better) Although.. there is some bear div on the VAPI on the 2hr 1hr and 45m which tells me we might have a small dip soon because of that, 4 hour is a strong timeframe, hopefully overall it can withstand that shortage in volume as time passes and doesn't ruin that all that "apparent" bullish buys that could come in the later hours, its not the OMG div but.. the 4hr has it. Now.... *sigh...* the rsi... The rsi has hidden bear div, on the 30m-15m there is some potential at 45m if we close slightly higher, (not that impressive) and Ive double checked for divergence stretching the indicator and all that i swear. Basically i'm awkwardly bullish but.. don't cocky. Anyway we have more space and "excuse/reason" to go up, if we can ramp up some volume, i see we have been trying to close above the orange line, which is actually the floor of a very thin long channel which is awesome, and plays out good with my idea of a diamond which i have been talking about since the last chart I made and so far so good.. I am, hoping for a move up higher to $10,800-10,750 area to supplement further the idea of my imaginary diamond lol. Also if we do get into those areas it would hit my purple area, which is a target I had for a while now and thats always cool... also we would find ourselves to squeeze from a another triangle where my purple area is and if we fire on the daily or at least if ppl start seeing that it's going long.. then... peace out 10.8k lol... Keep in mind something that I have been thinking about lately is that if we shoot up from there... and i'm already expecting that it wont last for long... Basically on the macro side of things.. (ever see a triangle burst up outside the top to just dip down... ultimately, yeah.. I think that might just happen it ties all my BTC conspiracies lol that has confluence with the ttm on the weekly turning bearish.. so think about that.
Stay safe, happy trading, Use stop losses- don't be that guy... just do it, use it.
Note
This is a simplification of what is above:Short term I think BTC can go UP from now and part of next week.
Why: Daily ttm squeeze (if we can maintain $10,340.00+) for a potential upwards breakout. Also the daily ttm squeeze should keep us up regardless, and its only getting more aggressive.
Long term in Month(s) I think BTC will go down
Why: TTM squeeze on the weekly is pushing to the down side = selling pressure.
For the super short term: We have time frames like the 4hr with a bullish sentiment with its hidden bull div on the VAPI but from the 2hr down, showed signs on my indicators that there was bear div, at this point as im updating this, all of the bear div doesnt matter anymore because they are either satisfied or invalidated on my VAPI and for the RSI shows now that there is some invalidated bear div I talked about but could turn active again unless we go higher, then it matters.. meaning price will need to go up like to $10600.00 for it to matter again. This bear div was on the 45m when it was active, but currently not anymore. Also a ttm squeeze to the upside has started on the 2hr.
-So far, the major influencers through the time frames look bullish to me.
Notes: there is a likely hood we could break up from the major triangle and go down 3-4 thousand dollars down but this is a daily macro move, it will take a lot of time to figure and confirm this. just an idea for right now- make sense with being short term bullish and long term bearish.
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