I had commented in an idea thread yesterday regarding "where we've been before" and for people to not start buying yet. That fulfilled, and we swung to a ridiculous low in the high $3k's. Insight is drawn out with relevant levels. Purple line is bullish, blue line is bearish. They are colour coded like this to stand out over the horizontal level lines. I wont...
pitchfork is just an idea. Could be an entirely different channel however that last low swung a bit too close to the dirt for us to hit peak and continue past. Bids are going to want to retest that region if we are bullish, possibly stop hunt for a bit who knows. cheers
Not a definite, but whenever our 200SMA (rediish/pinkish line) rolls over, we hit our head on it and rally lower. We may break this line however I for see a lower buy around 8500 before we continue upwards. By the time we finish arguing over 8590-8600, our 200EMA (Purple line) should be approaching my predicted support area, at which point we will utilize that for...
short insight here. As you can see, our previous bottom before dropping to 3k at the end of 2018 has become our triple bottom and the uptrend has now carried through. We have moved equal volume as the run up in July 2019 and our 50MA is is looking to get with that 200MA to make sweet love. I believe we will fall to 8.2 - 8.3 k to find our support levels from...
proof is in the pudding and I have a pint calling my name so no typing only looky looky also Im shorting the hell out of this
As buyer volume continues to diminish as it did through Jan 10th, we began a promising uptrend from an 8K bounce on the 11th (EST), , only to continue the downtrend in buyer volume during green candles. Main points: BTC may be in a bullish formation however this is not the time for going long. If we trade above 8200 again, it will be short lived, as we will...