When you use macro such as a weekly chart, it takes a step back and allows you to see the bigger picture.
It cuts out the "noise" as they say .
Here is a Week chart going back to near the end of 2017 .
my thoughts are on the chart.
Please share your comments below
Btc still entirely in trend with previous posts, loosing vol on the daily and quivering shooting up today with some Paypal news and market liquidations.
Stick to your plan ladies and gentleman !
Maybe well see a last push before a hard fall but a fall is coming and when it does its gonna be beautifull.
1)Distribution is occuring right now
2)Huge sell walls...
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Hello fellow traders hope you are all enjoying the markets , this is a special time for BTC whether you hae bullish or bearish sentiments.
Taking a look at the 2 yearly range/ 1 month chart it helps cut out a lot...
PLAY BY PLAY
We have been on months long ascending triangle pattern
Rejected at 10k several time , over and over again
BTC broke a lower main trendline of our pattern
BTC bounced back to 9500's quickly
Whats it going to do??
RSI is getting lower
We have identified a longer tern downwards trendline that is supported many time currently and in the past showing a...
Ascending and descending Triangles work best on longer periods like the one we have been in .
Think of them as a springs, they consolidate and build pressure of a previous pattern and shoot in the continuation of a greater movement most the time.... scrunching into a fine point before launching at full force in continuation.
We are in a...
Here we are getting close to the end of this pattern , many other patterns within in both macro and micro including the diamond.
The diamond may provide hints to what may happen at the end of this rising triangle/wedge/flag .
This is the mother pattern and yet simple
keep it conservative , playing small moves isnt worth the risk of looing the chance for the rise...