JcFiscus

JcFiscus

I decided to see what happens when you anchor the bottom of the channel to the starting point of bitcoin at .01 cents. What I noticed is this tendency for bitcoin to stay in the upper part of the channel as much as possible. It very rare dips far below, and when it does, it gets bought up immediately and hugs the fib line again. The other thing I noticed is that...

JcFiscus

Hidden bullish divergence played out followed by a poor attempt by the bearish divergence just played into a higher low. Ascending line of support running into a flat line of resistance. If it breaks, these are my targets. If it fails, the interpretation shifts back to a rising wedge that could be argued, and consider your stop loss accordingly.