riotcontrol

riotcontrol

4-hour Price Finder contains price well and can provide clues for future price action. Working off of previous idea BTC-Weekly-Timeframe-analysis-with-PhinkTrade-s-Trend-Band () we are currently in an uptrend. Playing bearish is a cautionary play so selling BTC is not an option. But shorts with stop loss is perfectly acceptable. Four hour shows price resisting...

riotcontrol

Trend band offers really good stop loss points on the weekly timeframe when the market begins to trend in a specific direction. Touches of the upper band when bullish or touches of the lower band when bearish act as support and resistance respectively. When price action breaks into the band, the prior trend can be considered broken and positions can be exited into...

riotcontrol

Hyperwave, popularized by Tyler Jenks in 2018, tracked markets at a fundamental level. In 2017, BTC underwent a third hyperwave with a 20k top. It was not clear if BTC had broken its hyperwave structure such that it would return to its phase 1 line. At the time, it was thought that phase 1 was 1000 USD however, 3k has had plenty of significance in bitcoin's price...