Felix000

#bitcoin significant trend line established key support maybe

Education
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Using studies of Wiliams Fractal and my custom MACD (6,13, Close, 31) colour marking moves of all its constituents for clues. Not Advice. DYOR.

Biggest threat to bitcoin in January could be e.g. "CBOE Ten Year Treasury Note Yield" ( TNX ) complex. Big moves have affected bitcoin at significant junctures in the past. If its volatility can be contained sufficiently that would be great maybe.
Comment: Enclose chart illustrations of my TNX point above
Comment: #bitcoin using Custom MACD (6,13, close, 31) see blue columns above & pattern only 2 occassions this year. So trend line holding up but in absence of my other signals I got to go with the 31 Dec close which ended lower than 30 Dec open Not Advice DYOR
Comment: Price may not have closed yet below my orange support lines of $3832 & $3714 but for now the bullish trend line is looking dangerously broken. Worst month for these signals since DEC 2017 was OCT 2018 got whipsaw (see previous charts for construction). Not Advice. DYOR
Comment: So many bear signals. Bulls struggling. See chart. For signal construction see previous posts. Not Advice. DYOR
Comment: #bitcoin SELL SELL SELL MAYBE. Check yourself. Construction mark all consecutive Williams Fractal highs both must show MACD Histogram in green >0 boxed yellow. When next flip red 0< box with purple to the low. Then with stats work out your strategy. NOT ADVICE. DYOR.