Descending triangle Smart Money Bluff
Many ideas claim through a pattern that a descending triangle will bring a big BTC fall.
I have no doubt this is a smart money bluff. If I had to pick from a pattern and price action, I’d go with price action, it weighs more.
Learning patterns is one of the basic elementary teachings, we learn in trading. Which is good I’m not against it, but I would rather use it for guidance and never for buying or selling.
It’s smart money who create these patterns for us to see. As general traders buy, smart money knows how much in quantities to sell in order to create a pattern. Buying and selling accomplish a pattern. Therefore, I would rather not rest assured on a pattern.
This is a 4 hour chart and I’ve added the one day chart bullish green trend. Both point in different directions; these are hidden pivots, which are calculated.
Bullish up reversal, wick to wick confirms a reversal with a hoping breakout trend.
So I’m going to trust price action then to lean on a descending triangle.
Remember, this chart can take place right away or may take its time. It doesn’t mean it’s gonna follow the trend lines. The way the price lines point out, it may zigzag up and down, but will reach its destination.
Zigzag because many traders will sell for losses. Therefore, we will have some dips due to panic but will eventually recover plus BTC will have much more value. While traders sell, smart money will buy certain quantities in order to help recover BTC.
Remember, it doesn’t benefit smart money if they dip BTC very low because they know many traders will jump in the trade to even say many are on standby.
I’ve expressed myself with facts so you can rest assured things are still on board. We may have some delays but will make its way up sooner than we think.
I have no doubt this is a smart money bluff. If I had to pick from a pattern and price action, I’d go with price action, it weighs more.
Learning patterns is one of the basic elementary teachings, we learn in trading. Which is good I’m not against it, but I would rather use it for guidance and never for buying or selling.
It’s smart money who create these patterns for us to see. As general traders buy, smart money knows how much in quantities to sell in order to create a pattern. Buying and selling accomplish a pattern. Therefore, I would rather not rest assured on a pattern.
This is a 4 hour chart and I’ve added the one day chart bullish green trend. Both point in different directions; these are hidden pivots, which are calculated.
Bullish up reversal, wick to wick confirms a reversal with a hoping breakout trend.
So I’m going to trust price action then to lean on a descending triangle.
Remember, this chart can take place right away or may take its time. It doesn’t mean it’s gonna follow the trend lines. The way the price lines point out, it may zigzag up and down, but will reach its destination.
Zigzag because many traders will sell for losses. Therefore, we will have some dips due to panic but will eventually recover plus BTC will have much more value. While traders sell, smart money will buy certain quantities in order to help recover BTC.
Remember, it doesn’t benefit smart money if they dip BTC very low because they know many traders will jump in the trade to even say many are on standby.
I’ve expressed myself with facts so you can rest assured things are still on board. We may have some delays but will make its way up sooner than we think.
Nota
Let me be clear on the descending triangle. There is a descending triangle in process which I can see clear in this chart, I just didn’t form it out but rather the price action pivots.Nota
I must say; BTC has just about reached its maximum dip, my three Vwaps have confirmed it. There comes a time and may take days to confirm such end of a dip which was at 2pm pacific time today. Once I’ve confirmed, it always comes with another dip before the spike. Which has squeezed out its last left overs fears.
There’s a bullish 1 hour contraction right above the trend dip. Means will reverse.
$41,494.77 around this value will sustain.
Nota
Down to the last dollar around $41,494.77, As for what the chart reads, I was confident enough to let y’all know bitcoin price value would sustain within $41,494.77.
$41,540 was the lowest. For this reason, price action weighs a ton then just patterns and again I’m not falling for no smart money Bluffs.
Seems as if it’s going with the 4 hr but may change to the 1 day. Remember it’s long term and BTC may convert long term into short term by reaching its destination faster than ya think. It’s done it before.
Nota
Nota
BullSIGNAL now on a 4 hr time frame. Only small institutions involved. The Billionaires will soon get involved. The threshold is getting closer: on standby. Once I get the signal of their involvement I’ll update.Nota
in 3 minutes we might have a turn around, hoping to keep up momentumNota
For that reason, big-time traders sold before 3 pm ptNota
I have no doubt and I also wonder, if some of the BTC ideas on TradingView are legit. I’ve been seeing many which make me wonder if some ideas are intentionally created for a juggling clown to juggle for fun. It’s like giving a child a coloring book and scribbles all over it. I said some, many I so totally agree with.
"You hear the wind, but where does it go?"
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
"You hear the wind, but where does it go?"
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.