Nice constructive vwap action is also nice.
Looks constructive and that's nice.
This is a follow-up to the February 20, 2021 post "The first trillion is the hardest. The second trillion is February?"
I'm glad I put the question mark on it because that was the top.
Inflation came and gold had one job. Somebody took it. It probably isn't coincidence that bitcoin was invented as gold was rising to its previous all-time high. Bitcoin does what it says on the tin (whitepaper attached). In it you will find sixteen lines of code.
Bitcoin market cap is approaching 10% size of gold.
Bitcoin price has surpassed a kilo of gold.
We will argue over anything, even a big round number, especially the first big round number. It's a fair fight so far. The highlight on the RSI is to help explain why I began the threshold where I did.
At this moment the upward move is bent but unbroken. Will the hourly RSI mark the low like last time?
This shouldn't need much explanation. I like to use brown for the ground and blue for the sky. I mostly wanted to say thanks to @TradingView for giving us a free point-and-click anchored volume weighted average price tool. I can't get enough of it and I haven't thought much about 50-day moving averages in 2020. VWAP basically tells you the point at which a group...
The best thing I ever got for Christmas was a free point-and-click anchored volume weighted average price tool in the TradingView toolbar last year.
I use blue vwaps anchored to the previous high to show the magic moments(s) when buyers collectively from that point go underwater.
Sometimes you feed the ducks.
Sometimes you be the duck.
This 0-1T Fib retracement may be a chart crime but who doesn't like a breakout from a three-year base at the 0.382?
I'd like to see some consolidation at the 0.618, maybe long enough for that last anchored vwap to come up for support.
It's pretty easy to see the 10x moves on a log chart with lines drawn at 100, 10, 1, 0.1, 0.01, etc...
That's the analysis.
If you can find an asset with a ten-year uptrend vs. $BTC please share it.
Tyler Jenk's idea of #Consensio taught me to be pay attention to the 2,7, and 30 week moving averages to identify short, intermediate, and long-term trends. These averages are used to approximate the standard daily averages of 20/50/200 onto a weekly chart. The weekly closes are more important than the noise with each candle.
#Consensio tells me to be cautious...