I need to post this to keep people from going short on my last projected price drop. While I was correct that we would fall until we hit the support of the pink eve trendline and then rebound up from there, I foolishly thought that we hadn't already broken out of the rising wedge, even though my original trendline of the rising wedge(which was drawn by the candlestick bodies) had already broken out above. A day prior to me redrawing the rising wedge top trendline by the wicks instead of the candle bodies, I had a discussion with someone who claimed he thought the wicks of the candles were more valid. I almost always go by the bodies of the candlesticks for trendlines but there was a chart pattern at the time of the discussion which ended up being valid by both methods after being drawn on both the wicks and the bodies. Because of this I decided to reconsider that the real top trendline of the rising wedge may be actually the wicks instead of the bodies, and thus redrew the top trendline and I didn't credit the rising wedge as already being broken upward....due to me widening the size of the rising wedge after moving the trendline to the wicks it also lengthened the potential breakout projection target line as well. It was for this reason that when I tested how far the potential breakdown target would be, that I also decided to widen the original trajectory of my eve trendline(in pink) slightly to make room for this projected price drop. Unfortunately this was a big mistake because if you simply look at my original eve line trajectory I had chosen in this previous idea: 
press play on this chart and you will see my original eve line trajectory projection is exactly where this current price fall stopped before bouncing back upward and forming a green long legged reversal doji on the next candle. I feel that this tells me 2 things. 1 - my original top trendline of the rising wedge was most likely correct and we have already broken upward from it which keeps us from having a serious drop now that we've gone back down under the wedge(which you can also see the validity of the breakout upward just by how bullish the price action got right when we broke above the original top trendline), and 2- that if this is the case, that we need to flip back to long and market buy back in for a short loss. The other reason I got bamboozled on this is because gdax's price for whatever reason dipped way lower than this bitfinex chart's and threw me off big time. There is still a slight chance we may form the bear flag I was anticipating and drop to that target afterall but now that I have seen the price get supported exactly on my original eve trajectory line, as well as followed up by a green long legged doji reversal candle on the 4hr which was followed by more bullish action I think the probability is much higher that this was where the downtrend will stop...we also created a higher low in the process which signals that we should continue this current uptrend until a lower low is formed. Had I simply followed the higher high/higher low principle I wouldn't have even shorted at all. Anyways, the good news is if we have indeed just formed a higher low, the trajectory of the eve bottom line is on point to reach the neckline of the double bottom pattern by around May 1st....which gives my original guesstimate of reaching a new al ltime high byas early as May 7th much more capability. If we were to hit a new all time high on May 7th that would completely validate the fractal from the adam and eve bottom last september that led to our last all time high. I think we will hit a new all time high sometime in may-early june...but to get it on the 7th of may would truly be special. Thanks for reading and best of luck!
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน