mindfree

BTCUSD - 15m - Chart patterns, The consolidation box is ending

BITSTAMP:BTCUSD   Bitcoin
This is a detail look at the previously posted longterm Bitcoin USD map. This is the consolidation box. It is its third appearance in a year and very similar to the other two. This is an early step in pattern recognition. over the next 30 years this could repeat, or group into large multipoint patterns. But for now I am watching this box, using the basic geometry of a matching rectangle and using my trend line flows as a guide. id like a dip right before it breaks out and up or a peak right before it breaks out and down. I wont buy in the dead zone i have marked but will buy and sell at the edges or breaking of the edges. to me its like watching the action of a 4 hour candle whose tail has crossed the line.

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