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· 360d · BCH Speculation
Dead cat or back to the Moon? #GartleyPattern or what? #Bitcoin #CryptoCurrency #BTC
Sk8eM dUb
replied · 360d
I don't even bother with these until it completes all the way to C and is on it's way to D. Here's the mixed signals you should be looking at - https://www.tradingview.com/x/y4Q5EG5K
replied · 360d
I combine Three dives to it. If one tells up and other down, I 'll just wait until it clears. A+B+C and then decide is a good way to go.
Sk8eM dUb
replied · 360d
hahaha, that's not how it works! Youre trying to maximize your probability of making a profitable trade. With this method you might as well just flip a coin and say some prayers!
replied · 359d
It lines up rather well actually. Hahaha...
BitcoinIsP2PC4$H
replied · 360d
Are there any references you could link which would explain these recurring pattern analysis with the ABCs and the numbers (Fibonacci)?
Sk8eM dUb
replied · 360d
Here's a bearish Gartley setting up on BCH right now. https://www.tradingview.com/x/Kf7fQ2ov
Sk8eM dUb
replied · 360d
https://www.tradingview.com/x/ArqsSUGR If it hits both boxes(see the fib levels it hits between?) you're in business. Bat entry is lower than a Gartley.
replied · 360d
Cool stuff. Thanks.
replied · 360d
It's human nature to find patterns :) AI's we design are even worst, they find patterns everywhere :)
#Cryptocoins have no "fundamentals", only fear and greed so tech analysis "works"
Sk8eM dUb
replied · 359d
Price is based on a few things but mostly human emotion - which is fairly easily predicted/manipulated. TA works because our emotions, supply, and demand are predictable.
Sk8eM dUb
replied · 360d
woops sorry, C target for the Bat was off https://www.tradingview.com/x/tKSKEL2s fixed it. Here's the entry and stop/TP levels https://www.tradingview.com/x/TDuEslai
Sk8eM dUb
replied · 359d
Here look, you might be tempted to take something like this https://www.tradingview.com/x/CwoGqcJ0 but the move up before it is too small IMO. Best is if comes from below the pattern.