PatrickGonsalvez

cookie jar for btc/usd-weekly chart.

PatrickGonsalvez Updated   
COINBASE:BTCUSD   Bitcoin
cookie jar for btc/usd-weekly chart.

put up this chart to have a different view using percentage instead of price and using log to scale instead of auto scale.
the trend seen in both percentage and log scale view is apparently used mainly by position traders and swing traders.

in log view, rsi and macd indicators are disabled since am not paying.:) so will post standard/normal view with rsi and macd as a comment instead, so dont miss that. unless, even publishing log trend is blocked for free loaders.

didnt have a view published for xmas yet, the first buy was impulse, the regular herd metality(no techy herd surge). had xmas luck i guess.
think the first movement i published was back before cny,
the second is today where in log and percentage view, i see a totally different approach or prediction of how btc will play out for rest of 2018. we cant always expect high degree of volatility just looking at this view. the early ripples are turning to waves as the percentages rise exponentially.

am now at 0btc and yet to take position :( ..but seems that the indicators are buy favourable.
Crowd education, commercial sucess and acceptance by regulators seem to be key areas. Naturally faith and enthusiasm by techies are the real drivers behind and are paramount. These 4 form the backbone of my fundamental theory.
back to TA.

RSI(26days)just below 55, a real bull calling. but looks like on a further downward trend. this might indicate a downward move according to my first prediction. the possiblity of it moving lower is possible. which is basically end of my world.. :()
but lets looks at my imaginary fundamentals based prediction number 2 which might make real favouring a significant rise in prices to btc high, spearing through the 11.5k resistance.

macd crossed back on 15jan and still buy favourable. macd line is low while signal line while above is trending towards low. will look to take position at another crossover and when both lines are at lowest.
but, but, but i want to see volume to confirm my outlook.
Post this weekend, we might see a huge discount. hoping for a prediction come true mid/end mar, closing Q1 on a buying spree for q2.

targetting 30% rise seems comfortable with my imaginary#2.
when looking at 4h chart, then the inverse head and shoulder comes in sight and makes me want to take a cautious outlook. when in 1hr, I see cups. whatever, any indication of volume, will make myday.

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