I can't use my cell to give better pic it dumb and I can't help that
I think I've come up with a way to follow BTC and other coins with my lines and TR Main
Finds the sweet spots in movement and heads towards them.
That Man's a great Teacher. You should listen. Astutely
Follow my chart and if it works I will say how I chart with lines and TR Main Hybrid System. Showing is better for me. I am not a good explainer.
Trend line analysis - Weekly Timeframe These curves & triangles highlight support/resistance zones on a weekly timeframe. Fairly conventional methods used. RSI & MACD incidators aswell. There are two triangles highlighting the possible RSI outcome if the support/resistance zones hold out. I believe it will break out upwards after completing this formation but...
Im suprised no one else from what ive seen saw this pattern forming. Not financial advice
I am really suprised no one else saw this but this could be a triple bottom forming on the daily chart
If Bitcoin follows the Fibonacci , to the .382 or .5, the result should be a strong support structure for future growth. I think it should then be considered a healthy market correction after such a long monthly bullish move. There most likely will be a lot of BUY opportunities in the .382/.5 zones. This is not professional advise. Do your own research.
All in if it dips, on this long weekend.
If we check what happened the last time BTC drop in this run. It dropped 30 % and rise 100% (in 30 days). The current drop was 24%, if BTC react close to the same way it did in January. By the end of march we could see 111000$ CAD per BTC. It is only if the price rise the same way. In the past, March hasn't been a good month for BTC bulls. So far, for this drop,...
Strong support ~$44k with bullish signs. Planning on getting more BTC on the next dip. Seeing a head and shoulders and BTC wedging, getting ready for a breakout IMO!
Something has to slow the upward climb of Bitcoin. 5% in the last 2 days.
Fairly interesting to note that BTC / CAD has been trading within an ascending triangle. Given the slope at the base is at a fairly high angle, bulls seem to be succeeding over the bears. This is typically a bullish sign and we do see a compression of volume as is associated with this consolidation pattern. Needed for confirmation is an increase in volume over...
Stay above 21 daily MA at 11900 and 21 weekly MA at $10900. A break below 21 daily would be bad as it's showing signs of acting as support. A break below 21 weekly would show a likely change to bearish trend. I have written about the significance of 21 weekly MA before. The Price is pushing at top of bolligerband with 2 standard deviations on the daily chart. ...