LA18WOLF39

LA18WOLF39 2785 views ・

This is a lifetime chart of BTC so I'm certainly using a log scale again. This chart starts in the early days of BTC, the bottom trendline originating from 10/06/10, at just $.05 (Yes I've excluded the two massively long low wicks on 8/30 and 10/08 so it's your decision to agree or not on their importance). I've extended this lower trendline to 3/25/17 where it...

LA18WOLF39 268 views ・

Well at least we've got some volume now. The trend line of support that I talked about in my last post was an extremely important level. Although we got the bounce off of it that I was looking for around the 7000 level, it paled in comparison to the momentum that we got from it in early February and April. 7700 down to 6100 in just a few days sounds pretty rough,...

LA18WOLF39 150 views ・

Using the logarithmic scale it's clear that BTC broke above the downtrend line back in April (normal charting showed a break above the downtrend back at the beginning of March). Because of this, I'm looking for the right time to take a position in anticipation of a reversal. Currently, BTC looks like it's at the top of a small downtrending channel, making me...

LA18WOLF39 294 views ・

After this atrocious bear market that we've had at the start of the year, it's clear that things are beginning to turn around for BTC as it's shown serious reversal signs of late, breaking out well above the 200 day MA and chewing through resistance levels such as 10K (more psychological) and 11K (more technically clear). BitConneeeeeeect is gone, the FUD and...