BTC doing a mat hold and finishing up the last candle.. Seems they set up things the week and then execute it over the week end. This rare pattern has a high success rate but is not immediate. Some times after the pattern it drops below but not much.. It had such a pattern around 9k before the move past 11k.. But shorter term patterns have been playing out about every week now. Since they been doing this for a while I got to think its valid. And BTC should not drop under 11k.. Also what can powel say anyway? fed minutes are already out and if they spooke the markets they can all do a tides of march and hit BTC as well.. But for appearances they got to hit Gold/Silver and like crypto.. and then pump tesla.. up 400% this year? got to sell a lot of cars to martians to make a profit like that.
RocketBomb
โ
@alienteck, How great are you talkin', my Mr. Fundamental๐ค!!!
Every time I read your thoughts, I catch myself thinking, that I have a lot to read, learn, that's a great feeling)
Thank you so much for coming to my comments, I really appreciate it!๐
alienteck
โ
wont allow me to reply properly.. But I am only paying back what others have taught me.
@alienteck wow reading the candlestick patterns like in this depth, itโs a whole other thing hey! Crazy stuff
alienteck
โ
I knew about candle sticks decades ago but long ago I though Gold? yea find some in the attic to sell.. What do japanese rice farmers know about markets? Well they used to manipulate it too from the look of things and it showed up in the candles.. So the last few months I been following them just out of curiosity.. See you dont have to be a believer to get hit with it and I did many times. Charts also tell you the same thing but since more people know, they also play with the charts but candles are known to very few and like Fibs, they work regardless.. It was just amazing to see it unfold in front of my eyes.. Right now I think BTC this week will close above 11500 to activate the mat hold.. The higher it closes the last white candle the more umph it gets.. So the upside could be 12100 to 12800... But as the example of fedx shows, the price can fall after that lower than the candles but not by much.. a rare candle that gives like a 10% gain in a couple of weeks with a high probability means BTC will do a $1000 jump from like 11500.. So lets watch.. The last one moved from 9k to 11k.. Where I sold at 10.4k.. and had to chase and buy higher..
Great insight ! Cool ! I see a paralel, between the pump, April 29th, and the one from July 27th. Both opened a new trading range, which became locked in place by Barts, one in 1-2 June, the other 17-18 August. Both had a big rejection, which made the floor. May 10th, we closed at 8729, and in fact, despite coming close several times, we never dropped below that , to great relief of some 8600 stop losses out there, ๐ฅฐ , and now we had a rejection close , Aug 2nd, at 11068, and true, despite coming close, twice, didn't drop below 11000 . If these patterns repeat , we're looking at a few weeks ahead of consolidation, which in fact checks out, with historical data, September is on average, BTC's worst month of the whole year, while October is one of the very best. And yes, LOVE the font ! ๐ฐ