I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back to 2016.
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...
Here we have BTCUSD 4H chart.
Previously we had these two specific directions in update 20 which are reached in a perfect way :
Now we have a shorter time frame compared with last ideas, But 4H have critical situation, So what are we watching here ?
BTC undergoing complex combination correction of WXY where
The price mentioned here is not absolute but i have given more of direction in coming weeks for BTC.
Expect it to be choppy and stay safe :).
If you want to know any specifics of the correction then dm me.
Short-Term: 404, buyers not found. If Bitcoin COINBASE:BTCUSD was going to break into new highs before retesting some lower support, it would have done so at this last peak at $12,250.
Since then bears have been in control, and have formed a descending triangle. Target is very low $8000 range, but given the strength of the move I think BTC price will wick into...
WELCOME TO THE BITCOIN GRID CODE - THE SCARED TEDTRAHEDRON STAR
Bryan Christopher Amos, AN Alabama Man, Cracks the Bitcoin Grid Code, with All Points Intersecting
An Alabama man named, Bryan Christopher Amos, officially Cracks the Bitcoin Grid Code, with all points Intersecting (Every Uptrend Channel, Every Downtrend Channel, Every Significant Trend-Line, to...
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
My discord trading group: discord.gg
Look what has happened to price each time BTC drops below the base line of the 80 period Bollinger band (blue line) on the daily chart
Check BitStamp or any chart with a longer history to see a more dramatic depiction
The white box just so happens to be the golden zone of the correction for the 2019 ATH
It could take time or could be fast
We have gotten hints of...
*Not financial advice*
-Extremely clean multi-year pitchfork.
-Fib levels in gray.
-RSI squeezed at historic decision level.
-All periods on Quad CCI rolling up above -100.
-Very clear static support and resistance levels, not shown here (very visible).