Recently been following closely on the BTC chart, and it looks as if bulls are starting to take back control. I see the bottom touch of the triangle a catalyst for a big move up if we break out.
Here are the comparisons between the charts of BTC and the NASDAQ Composite. Over time the charts look eerily similar to starting initial trend and following developments. If you think this is then end for BTC, think again. The future will be televised.
Any additional thoughts, comments let me know! Just speculation. Don't panic, hold onto your butts.
We are approaching the trendline set as the blue triangle, we currently just crossed the green lines on the custom crypto indicator script that usually is pretty accurate at predicting trend changes. This means that if we break out of the blue zone, we should see a substantial move up. It's been trading in neutral territory now for over a week. Should be exciting ...
Just a quick update on the 4H chart, I've been watching for the past few days. We have developed a bullish engulfing pattern, and as per analysis should see the trend angle follow up until 6800 by the end of the weekend. Any questions, comments, i'd be glad to hear it. Thanks
Just wanted to share with you guys my new favorite technical analysis charting patterns and why it can be a good indicator of future price fluctuations. On recent charts I like the Ichimoku Cloud indicator, it's a more powerful and complete version of MAs (Moving Averages) or EMAs (Exponential Moving Averages). With this BTC 0.18% chart we see the direction of the ...
Just a quick analysis, we can see BTC starting to form a nice upward trend on the 1HR chart. We see resistance at around 6600 if we can break that then its going to be a very nice run up to around the 7500 range. Support is around the bottom line. questions, comments ideas feel free to share!
Just a quick analysis on the 1HR chart we can see a nice trend forming, look to levels around 6600, if we can break that than its game time upwards to around 7500. Resistance is blue line and support is red. Questions, comments insights let me know!