As time goes by, the markets evolve.
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns
-Dotted lines; Possible price-action trajectories
BTC is currently annoyingly indecisive. But we'll know today eventually.
In case you're wondering which indicators and oscillators I'm using. She's called EMI 1 & 2, short for Epic Market Indicator and it's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions.
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns
-Dotted lines; Possible price-action trajectories
BTC is currently annoyingly indecisive. But we'll know today eventually.
In case you're wondering which indicators and oscillators I'm using. She's called EMI 1 & 2, short for Epic Market Indicator and it's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions.
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To the downside it is...
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If the red X closes and aftter no signal, bearish reversal is highly probable.
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5min chart confirmed bear reversal 30min ago.
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Before I go to sleep, quick update possible trajectories. I must mention the last red X is making me bearish. Since it's showing on the 4h chart for quite some time now.
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I reckono btc is forming this ST, but is a bullish pennant?
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Moment waves showing a possible top though. Might consolidate some more until the apex.
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But when I look at the previous forecasting. BTC is now dancing in the DT once again.
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Volume flow moving upwards. Btc just broken through resistance. Lets see if this going to be break out of fake out.
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Currently being rejected by the FBW resistance.
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My emotions are clouding my judgement atm. Would like to see btc go up for a bit. But this pattern is looking more like a bearish pennant. Gonna wait for more confirmations before entering a trade.
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I've been follow the fat solid and dotted lines since 14k. That's why my feelings are telling me to long. It would make sense if btc price action keeps following this trend, since the trend is your friend. I might just accept to miss out on the upcoming opportunity. Don't like making decisions based on feelings.
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If it does break out to downside, my entry target will be the yellow circle, $6.2k region. I'm pretty sure btc will bounce back up from there.
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This thing could actually go Bart on us.
