#BTC #UPDATE - Hadn't done an update on this for a couple of days because frankly, ranging, no pattern, weak and boring!
Higher lows off wicks was good, coupled with a perfect retest of the arrow I had at 11070, but this has died off and it appears a fairly even battle at this level between sellers and buyers with little volume.
Interesting observation - I just made that bottom line (previously pink) to black, to mark the bottom of the current range and notice like ETH that it is equidistant from the previous upper range with 650 (my favourite level!) being the median.
I remain slightly more bullish unless we break the Adam and Eve top at 11k. But also think like ETH we need some buyers soon or we will go into drift of death!
#BTC #UPDATE - Some geeky observations - without moving my lines. You can see the mirroring concept of TA quite nicely here.
I said in the update above it was interesting that 11650 was the exact median of the black line channel.
Zooming out I noticed the blue line channel I have at the bottom range has the same 50:50 proportions.
And additionally that the high at 12225 is equidistant from 11650 as the low we put in at 11072.
Spooky huh?! Need to think about how to make this info usuable!
Possible target of 12587!
Higher lows off wicks was good, coupled with a perfect retest of the arrow I had at 11070, but this has died off and it appears a fairly even battle at this level between sellers and buyers with little volume.
Interesting observation - I just made that bottom line (previously pink) to black, to mark the bottom of the current range and notice like ETH that it is equidistant from the previous upper range with 650 (my favourite level!) being the median.
I remain slightly more bullish unless we break the Adam and Eve top at 11k. But also think like ETH we need some buyers soon or we will go into drift of death!
#BTC #UPDATE - Some geeky observations - without moving my lines. You can see the mirroring concept of TA quite nicely here.
I said in the update above it was interesting that 11650 was the exact median of the black line channel.
Zooming out I noticed the blue line channel I have at the bottom range has the same 50:50 proportions.
And additionally that the high at 12225 is equidistant from 11650 as the low we put in at 11072.
Spooky huh?! Need to think about how to make this info usuable!
Possible target of 12587!
Come say hi @elisa_crypto on twitter!
