Bitcoin (XBTUSD) Analysis of past 12 days.
Currently, as there is consolidation, and little significant movement, I just wanted to post an educational idea.
It is very straight forward, as I wrote down everything that you needed to know on the chart itself. But as you can probably tell, Bitcoin seems to move against what the majority is doing, most of the time.
I personally am looking to enter in a Bitcoin short somewhere above 8300+, if it can reach that area. I am considering whether or not to enter now, but I would like a better entry.
I have always told myself I would post a new idea at 7300, but I decided to post an educational idea in the consolidation area for Bitcoin .
I know this idea will get at most 300 views as this is a bitmex chart, so I am very comfortable posting this. I would rather most people stick to the traditional TA method of drawing lines, using Fibonacci's, and indicators.
Thanks for viewing!
You can search for his answer or visit my twitter page, since I have pinned the link to it.
When I visit this site I just see very bad calls everywhere.