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BTCUSD Inception, The End Game. A.k.a The Big Long

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BITSTAMP:BTCUSD   Bitcoin
Greetings fellow traders,

As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...

More visible, more probable:
  • Dashed lines; Possible forming patterns
  • Solid lines; Confirmed patterns / Support or Resistance
  • Dotted lines; Possible price-action trajectories / wave trend
  • Light colors = Support / Dark colors = Resistance

' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~

With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level( PFL )":
Alpha > Beta > Delta > Echo > Gamma > ( Secret???? )

Explanation PFL:
  • Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher time-frames)
  • Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-24 hour time-frames)
  • Delta; Most recent relevant forming patterns within The Beta pattern. (4-8 hour time-frames)
  • Echo; Most recent relevant forming patterns within The Delta pattern. (1-4 hour time-frames)
  • Gamma; You get the picture... (10-60 min. time-frames)
  • Secret Level; Do not thread these treacherous waters. Only for master level TA skills. (10 min. and lower time-frames)
  • Eventually the PFL's are all connected. Gamma patterns combines into Echo pattern and Echo patterns combines into Delta patterns etc. Until the Alpha patterns has been formed. I'm not calling it just the Alpha for dominance in size. For as this pattern, is, the Alpha and Omega. Which will start a new market cycle and end the current one. By inserting pattern formations in the PFL as parameter. This makes it easier keeping track of which pattern formations are relevant to the current TA and entry or exit strategies. It might be hard to learn, but it is certainly easy to master.

    As a programmer and I like playing chess. As result to my TA, I like to look ahead as far as possible. This is only doable if you have reasonable reliable trends to follow. That's why I came up with this system. In time, as I gain experience in the markets. My TA skills evolves and in parallel my systems and indicators.

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Current Delta patterns:
Possible forming pattern: DT has 1st confirmations on resistance and support levels.

Current Echo patterns:
DBW

Current Gamma patterns:
DC

Today's Note:
This an end years forecast and a short retrospective of 2019. As we can see here, we have 2 confirmed Beta patterns since The 2017 bubble. The 3rd and current Beta(DC/FW) pattern that has been forming since June 2019 bubble. Apparently we're still on track and the Beta patterns are forming the current Alpha(ST/Pennant) pattern. If The End Game plays out... Then prepare for the trade of your life, for this will be a life changing opportunity that is most likely ahead of us. However this can only happen one way. Nevertheless, it's going to be a low risk / reward opportunity. If the support of the Alpha(ST/Pennant) trend. Going to enter a long position in the $4.7K - 4.8K regions. Depends where BTC finds and holds support. Then it's a matter of time. From this point, i believe, FA will be crucial to follow. The technical's are resolute from that point and henceforth the fundamentals should give us signs that can trigger The End Game. A good possibility will be the BTC Halvening of 2020. But only time will tell...

To be concluded...


Current Targets:
Exit short position / Entry long position target: $4.7K - 4.8K region.

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Epilogue:
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she'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. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
Yorum:
Rewrite of Today's Note, so many typo's had to correct it:

Today's Note:
This is an end years forecast and a short retrospective of 2019. As we can see here, we have 2 confirmed Beta patterns since The 2017 bubble. The 3rd Beta(DC/FW) pattern has been forming since June 2019 bubble. Apparently we're still on track and the Beta patterns are forming the current Alpha(ST/Pennant) pattern. If The End Game plays out... Then prepare for the trade of your life, for this will be a life changing opportunity, which is most likely ahead of us. However this can only happen one way. Nevertheless, it's going to be a low risk / reward opportunity. If the support of the Alpha(ST/Pennant) hold. Then I'll enter a long position in the $4.7K - 4.8K regions. Depending where BTC finds and holds support. From this point, i believe, FA will be crucial to follow. The technical's are resolute and henceforth the fundamentals should give us signs that can trigger The End Game. A good possibility will be the BTC Halvening of 2020. But only time will tell...
Yorum:
Completely forgot... In addition, I would like to thank everyone who has been liking and reading my idea's so far and I wish you all a happy new year!
Yorum:

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.