Hi fellow enthusiasts,
For some reason it seems BTC decided to leave the bullish channel it had been in for a while just before it reached the upper side for the third time.
Maybe my channel was not drawn correctly or the channel was slightly different on another exchange chart.
Anyway, looking at the chart again I suddenly noticed the similarities between the past 4 days or so and the couple of days just before the big dive to 6k.
I am not sure how much sense it makes from a TA perspective but it looks quite scary to me. Copy/past if you ask me, so I did copy/past the candle bars that followed the exact same pattern last time: YUK!
It's not only the candle bars pattern, but the action takes place under the exact same resistance level and above the exact same support level.
MACD and Stoch RSI look very similar as well but that is not surprising since the candles are copy/past.
I know one thing and that is that I will be very, very careful in the next couple of days. If I miss some profit so be it, you can laugh with me later.
Take care all, happy trading!
CJ
For some reason it seems BTC decided to leave the bullish channel it had been in for a while just before it reached the upper side for the third time.
Maybe my channel was not drawn correctly or the channel was slightly different on another exchange chart.
Anyway, looking at the chart again I suddenly noticed the similarities between the past 4 days or so and the couple of days just before the big dive to 6k.
I am not sure how much sense it makes from a TA perspective but it looks quite scary to me. Copy/past if you ask me, so I did copy/past the candle bars that followed the exact same pattern last time: YUK!
It's not only the candle bars pattern, but the action takes place under the exact same resistance level and above the exact same support level.
MACD and Stoch RSI look very similar as well but that is not surprising since the candles are copy/past.
I know one thing and that is that I will be very, very careful in the next couple of days. If I miss some profit so be it, you can laugh with me later.
Take care all, happy trading!
CJ