The Pitchfork and Fib Circles are made by the lord of the rings - @snookerer which Idea is below in the related ideas section.
On top of this, I'm using CryptoVN_Trend as the main oscillator and it gives green dots as buy signals which I've aligned with the green arrows to show on which candle the buy signal was fired.
What you can see is that the previous time this pattern happened was when we had the 3.3k BTC bottom a year ago.
It starts with one dot, then a big pump candle followed by a downward slope which takes 8 candles (40 days).
Then we get a second green dot buy signal and we also break out of that trendline which the downward slope created and it takes 9 bars the second time.
At the same time, we are holding support by the yellow ring which pushed us up pretty high last time.
At the same time, we just bounced off 6400 which is arguably the strongest support BTC has.
Just one more note: The same signal is showing up on a weekly chart too so unless there is no major crash in the next 24 hours this is a very powerful signal usually.
On top of this, I'm using CryptoVN_Trend as the main oscillator and it gives green dots as buy signals which I've aligned with the green arrows to show on which candle the buy signal was fired.
What you can see is that the previous time this pattern happened was when we had the 3.3k BTC bottom a year ago.
It starts with one dot, then a big pump candle followed by a downward slope which takes 8 candles (40 days).
Then we get a second green dot buy signal and we also break out of that trendline which the downward slope created and it takes 9 bars the second time.
At the same time, we are holding support by the yellow ring which pushed us up pretty high last time.
At the same time, we just bounced off 6400 which is arguably the strongest support BTC has.
Just one more note: The same signal is showing up on a weekly chart too so unless there is no major crash in the next 24 hours this is a very powerful signal usually.
