Reversal? How too tell

Reversal? How too tell


Maybe there's a lot of volatility and the btc prices are changing so fast.  I'm personally looking for a retrace back down but not breaking the previous low on the daily coming back up to wherever the retrace starts and breaking that high as well.   So long as a pattern on both the daily and 4 hour develope patterns of higher lows and start breaking the high levels you can easily identify on the previously developed structure.  I'm also needing to see that developing on multiple levels within the emerging structure as well as decline in the amount of price dropped on each pullback, also on multiple levels on multiple timeframes.  Always remember the fractal nature of the  structure and the 3 pieces of each layer the trending wave, the counter trend pullback, then another trending wave.  Making up waves within waves within waves all with trends and micro trends all of their own.  Watch for decreasing downward slope and candle size followed by strong steeply angled upwards candles.  Then wait for that trend to develope throughout the pattern.  It should be strongly showing a strong uptrend on the 1 minute through the hourly charts and just developing a second steeply angled upwards movement off a smaller downwards one that's breaking the level of the high previously set.  That's the point you can know for sure it's reestablished an uptrend rebuy and sit back as price goes for another ath if it doesn't we'll probably slowly move up and down between 68000 then slowly back down to around 19000, this is just how the trends within trends that make up bigger trends fractal thing works just really stop and think about it for a second, before heading for an ath again.  I'll be watching posting occasionally about the state of the trends. 

 

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Market rants
Market rants

This is where I'll just spout random nonsense that pops into mind.

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