caimano

Bitcoin Critical Short Term Point

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If BTC can break the white dot trendline we could reach +8K if the trendline holds we go to re-test 7K area (red dot line).
Notes:
Weak volume to consider this an impulse wave up, but could gain steam if we break the trendline.
For the next 24-48 hours just monitoring

Comments

Hi, not sure I understand how your white dotted line would be the most valid line if you look at number of confirmations? how did you arrive at this line? I would draw it as below.

Reply
caimano pragmaticbestfit
@pragmaticbestfit, as you can see my line is quite right, so far it keeps the right direction supporting the price action
Reply
@caimano, yeah looks like it. What lead you to draw the line this way?
Reply
@investa inspired by your work. A very simple idea in consideration of the timeframe (1-2 days).....Thoughts?
Reply
fract caimano
@caimano, seems alright to me!
Reply
fract caimano
@caimano, I prefer making short term charts without use of log
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out