A Realistic Look at BITCOIN

Bitcoin / DollarBitfinex

Description

⋅ Jan 29, 2019 9:35 PM

I drew this pattern on the chart a week ago. Price continues to follow this basic outline.

I believe a reversal before a new low is unlikely. If I was extremely wealthy, Id want a little more edge, and that would be around 2800.

Use it to trade or use it as a guide and check back to see if it follows.

Either way use good money management. Trade, dont gamble.

Stick to YOUR PLAN and refer to Tradingview Ideas, as perspectives and confirmation, like another indicator and dont BirdBox your trades lmao!!! Sorry, couldnt help it.

Comment

⋅ Jan 29, 2019 9:51 PM

Here is the updated Idea for this chart.

Comments

jerry2000

⋅ Jan 29, 2019 11:48 PM

You drew a channel line from ONE point only. That is INSANE!

TRADR27

⋅ Jan 30, 2019 6:15 PM

@jerry2000, I never said I was normal Jerry =)

Also, the top channel line was drawn from the Highs of (2) wicks, and the bottom line is simply a clone of the top.

I posted this chart as a reference point for those exploring perspectives.

After looking through many ideas and perspectives, one can make a more confident decision, like using multiple indicators.

Sanity does elude me from time to time, Bitcoin brings out the best in me LOL!!!