The image speaks for itself mostly. The way a log chart works is such that a 100% move should have the same height anywhere on the log axis. I suspect it's because something in the way TV deals with large negative numbers in its log conversion isn't working as intended. Posting this as an idea because it's so visually clear what the issue is.
This is a huge...
This time it looks like a falling wedge. Price bound in the wedge currently and bullish divergence on RSI. I'm thinking there'll be one more drop to flush out the bottom shorters, but who knows with BTC. It could even just break out from here. Either way, the bounce is going to be pretty epic.
There's a pretty low chance that price falls below 5000. There should...
This looks pretty textbook. Price has been bound in a rising wedge for almost 3 months. Bearish div on the RSI. Volume going down. Looking for the price to break the support trendline and possibly come back to test resistance before continuing down. This is one possible way it could play out but it is virtually guaranteed it won't be exactly as shown.
In the...
After riding along a neckline for about 24 hours, the price has broken down. The rallies from the neckline have been losing steam as well. Seems like a good opportunity to short. Target is around 2650.
Bitcoin looks like it is continuing its rally after sells were absorbed earlier today and selling momentum slowed down and eventually reversed to the upside.
This inverse head and shoulders resolving provides a good trade in terms of risk to return. A decent long entry could be around 375 with a stop at 372 in case the breakout is actually a fakeout. Good upside...
