COIN is still stuck in the downward channel that it's been in for awhile now (atleast, from this perspective). It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib. The 0.50 fib appears to be COIN's heaviest resistance within the channel (and although COIN did break through the 0.50 fib temporarily twice before, it was rejected at...
COIN bounces out of the descending channel that it's been rolling in since the beginning of the week. Has a base of COIN been established at 300? Starting with a horizontal ray at 310 (the bottom of the big drop), I began using rays to connect the higher wicks together, and then the lows together. After that, I extended some rays to the left and looked at...
I see 5 unbroken bullish trendlines vs 1 broken bearish trendline. and 2 red heiken-ashi candles vs 9 green heiken-ashi candles. What do you see?
What I do know ... is that 49 days ago we were at 43021.00
Large correction yesterday to $310. Slight recovery to $354.20 just below the 0.382 fib, but then it drops to $321.77, forming a higher low, and a new fib to look at. Recovers to the 0.5 line on the new fib, only to drop to $317.43, forming a lower low, but still $7.43 above the all time low. And lastly, some slight upward momentum, breaking through the most...
Downward trendline broken. New support forming. Next battle at 0.382 fib.
The most meaningful 9hour MACD fib spirals, a few dotted trendlines, and an MACD projection of our path to 77k/100k btc/usd.
After 5 days and 9 hours below the signal line, the 3hr MACD finally crosses above it. The last time this happened at this interval, 3/26/21 at 2.00am, BTC price went up 8k, peaking 5 days later. Things are looking up from my perspective!
Patterns that may influence your perspective. Happy Trading!
Seriously. Starting from $2.22 on bitstamp. Triangles included. Sorry bears, I'm long.
MACD study results. MACD line only (no signal line). Curves with the most obvious and numerous influences on the MACD line. The 2 dotted curves are alternate pathways of the solid blue curve. I also included 3 dashed rays that I came across. I found them interesting as well... 1) The orange dashed ray spans the entire chart, holding up the base on which the Dec...
2hr MACD shows an incoming collision of 2 opposing curved trendlines. Be on the lookout for increased volatility. Good luck!