BTC - 4 hour H & S, Fib Lines, and Price slide areas

15 Jun 2023

Just another different analysis on the current situation with price action.

I am in great hopes that we see price action falling through these slide areas,
as this is what is suppose to happen in reference to the old price action on the left side.

Basically only time will tell us how it happens, so now we must all wait.

2 Sep 2023

Catatan

Looking back at this "trial - slide zone" chart, playing this chart, we realize that PA went much higher.

Currently Sept 02, 2023, we see that PA, "during the end of August 2023", has fallen back to the original starting chart levels of 26k - 25k price range.

This "run chart" was designed to specifically watch new PA fall "inline or comparison to" that of history as shown on the chart on the Left Side.

Hopefully this year, we will see such PA take place.

2 Sep 2023

Catatan

4 Sep 2023

Catatan

Looking at the above chart, which is a very sad weak picture, I have added in this small addition, which analyses the last 3 weeks of price action. We can see the PA pattern is currently stuck in a 2% range and is in its' third week of flat price action.

5 Sep 2023

Catatan

Decided to choose a way, Bearish .. we will see

8 Sep 2023

Catatan

Price did find a way out late Wednesday to the downside.
A nice 4% Bull spike has the PA on the Northside of the 2% range
Still looks Bullish, another upwards pulse might give us a bear diversion.
I am still at odds with the bias of a strong bear movement, as indicated.
I did move the graphic over.

9 Sep 2023

Catatan

At $25952.5 or rounded to $25,950 I have a middle of the PA gray colored dashed-line.
Represents what? The line drawn in the sand, Neutral line and Chop-Chop zone.
Added in the new suggested 2% zone (unverified) with the new 4% zone from recent PA.

What's going on with the last few weeks?
Seems like about once a week PA gets a nice Pulse bump.
Other than that PA stays relatively flattish, and weekends are lacking trading volume for PA to see big swings.
Seems like everyone is waiting for that once-n-awhile PA pulse.

I will bring back in the Orange downtrend arrow graphic if/when PA reflects such movement, I do add such graphics for a bit of humor/laughs, as we all know trying to exactly guess how PA is going to move exactly is a bias outlook, and generally when I do that, it is meant as a generality of PA movement, and I am more times correct than incorrect.