When The Direction Is Unclear, Change Your Perspective (BTC) עבור INDEX:BTCUSD מאת RandomOracle

When The Direction Is Unclear, Change Your Perspective (BTC)

The initial descending wedge I noticed in my previous BTC idea

turned out to be part of a much larger wedge on the daily chart, which is quite hard to notice, unless you flip the chart upside down.. If your bias does not change, then you're looking at it wrong.. BTC is 'bearish' to those who haven't changed their perspective while looking at the chart.. And by doing so, a hidden trend is revealed... If this pattern played out in a normal situation, you'd expect the exact same thing to happen as indicated by the chart, however, notice the scale, it's inverted :)

Now... When you flip the chart back to normal, it reveals a pattern that really should be 'obvious' but it's quite difficult to remove the 'bearish bias' that most have, which is preventing them from seeing the large wedge on the daily chart...

Now that everyone is fearful, Smart money is acting greedy with regard to BTC...

BTC is deceiving us all.. It is silently mooning... Big money needed time to join the market...And their time is running out...

Get ready for the 'dump' (Actually means pump given the inverted chart)...

I've included an initial expected target upon breaking this major wedge & will re-assess once we've reached it. Stop-loss also added in event pattern is invalidated.

Previous BTC ideas below:

50k cleared, not much stopping BTC until 76k

Good luck everyone, & good trades be with you.

*Ticker symbols below, ignore these*
NASDAQ:BLX

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Having a look at some of the weekly indicators, which are showing signs of potential bullish reversal!

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Here is a similar look on 3-day chart:

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Daily chart major bullish div on daily fisher transform

MacD daily bullish div

Stoch RSI showing both major & local bullish div.

Same situation with Ultimate Oscillator

Commodity channel index multiple bull div's

RSI double bull div

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Weekly fisher transform bullish signal

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2-week MFI hovering on support

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3-day MFI macro bulldiv + local indication of bullish reversal

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3-day CCI hinting to bullish continuation

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3-day RSI bullish signs

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Daily MacD

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Daily RSI

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Daily CCI

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Daily Fisher Transform

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Daily MFI

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12hr MFI

12hr CCI

12hr RSI

12hr MacD

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Renko confirming this ideas bias

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Related charts are scattered throughout this idea:

RandomOracle

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