Just a humble prediction that bitcoin will oscillate between the two black lines with the blue line average. There will be outliers both bullish and bearish but the price to gravitate to the blue line average.
The Pivotal Reversal Candle on March 6th (as per my first published chart) has been confirmed with 3 days on the same trend line. My original estimate of 10200-10300 support was waaaay out haha. I guess you just have to go 'with the flow' until the flow changes. I'm sitting on the sidelines for now until a bullish green candle forms above that red trend line then...
HI all,
I'm an absolute Noob to all things charting so go easy on me haha
I'm sure this idea is in the charting language but I was thinking of how to identify pivotal reversal trends and the resultant chart is evidence of my attempt.
Candles that break the trend line are the pivotal candles and signal a trend reversal until the next pivotal candle.
As you can...