I don't know why i cant replicate my schiff pitchfork, even when I use the values I see on the main chart. Ill keep trying to figure that out.
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Mid term, I am bearish on Btc. The bounce spots can be seen and there will be a link to the pitchfork chart for future reference to it. It def appears to be rising wedge motions, but we keep hitting the support trend-line underneath.
Some may find it more advantageous to just trade alts instead of Btc due to the nature or the market and alt movement.
I don't really think there is too much more to say. its a 20 minute video, i get into doge at the end and mainly show how high up targets were already hit and how i can see a potential downside. But if you just buy the bottoms, then it really doesn't matter what happens in between.
I see a possible upside of around 55k and possible downside bounce around 30-35k. Though with 4hr hull averages, a bounce at the blue line and the averages would be about 43k. Though, after a 43k bounce, I could see the pink line or about 46k, providing decent resistance and pushing Btc further down.
TL:DR I think Btc has more downside than upside because alts have already hit big targets and rising wedge possibility. The 4hr hull averages give me hope, but i do not like falling under the pink line (1.75).
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Mid term, I am bearish on Btc. The bounce spots can be seen and there will be a link to the pitchfork chart for future reference to it. It def appears to be rising wedge motions, but we keep hitting the support trend-line underneath.
Some may find it more advantageous to just trade alts instead of Btc due to the nature or the market and alt movement.
I don't really think there is too much more to say. its a 20 minute video, i get into doge at the end and mainly show how high up targets were already hit and how i can see a potential downside. But if you just buy the bottoms, then it really doesn't matter what happens in between.
I see a possible upside of around 55k and possible downside bounce around 30-35k. Though with 4hr hull averages, a bounce at the blue line and the averages would be about 43k. Though, after a 43k bounce, I could see the pink line or about 46k, providing decent resistance and pushing Btc further down.
TL:DR I think Btc has more downside than upside because alts have already hit big targets and rising wedge possibility. The 4hr hull averages give me hope, but i do not like falling under the pink line (1.75).
Comment:
Feel kind of dumb. For some reason one of my charts was not on log when i was trying to reproduce the pitchfork. feelsbadman. The values should be fine
