Breaks this line and a free fall down occurs (As ever, not financial advice)
Short term, a month or more of downside or sideways action before a trend reversal come October. Trend indicators shown here, ADX, MACD, and SAR, all showing that the trend is still bearish. Until i see a crossover on the weekly macd, or the ADX move above 20, then i believe we are going to see further downside before any change in the current bearish trend.
Don’t like this on the daily... could be going sub 6k again here
Right shoulder forming, then drop down to the volume profile POC...
What a beautiful cycle on the stoch rsi, it's the kind of cycle that you wish you could turn back time and get involved with, consistent 15% + profits on each cycle. Will it continue, there is talk of an easy 1k sats by June. Worth keeping an eye on, and perhaps a good trade entry will be at the bottom of the 4 hr Stoch RSI cycle?
Volume profile providing all the support and resistance lines. Break the current visible POC and we could shoot to 7k
It just keeps on steadily increasing. Could this be the top performer of 2018? If you aren’t keeping an eye on this then I think you are missing out. Stay strong on your entries, let price come to you and fill your buys, don’t chase it. There will always be another good entry. I missed this as you can see, but I’m waiting patiently for another good entry...
Don't need to put much in here, chart says it all. I did post a monthly chart a while back showing the stoch still on its way downwards, looks to me as though it is thinking about turning up... But no one truly knows where this is heading, if they try and tell you otherwise, they are fibbing! :)
Volume is king, and the volume profile tool allows for some pretty easy drawing of support and resistance lines. I won’t say I know which direction this is going to move, as honestly, I don’t think I, or anyone else, really knows, but, if it does continue to drop then expect some support at the lines indicated. Either way it will be interesting to see how it...
Chart says it all, what do you think?
Markets cycle, fact. Look at each large 100x or more bull run for btc, it has then retraced around 80% each time before going on to a new ATH and retracing again. I believe we are in another retrace that could go on all through to next year before taking off again. Or, could the retrace already be complete and we are off again? I like analysing this btc chart.
POC for the last year interacting with current price range, find this interesting, and also a strong sign of support.
Looking at the visible range for the last 9 months we can see that the POC is almost exactly on the current price line. However, bringing the last year in to view (which I haven’t done here) shows the POC dropping right down to 5k and below... Either way, this is a really interesting level to see what happens. I’m bullish long term on BTC, but for now, I’m just...
Last four days session volume profile. Not used this much before, but, this shows quite nicely the POC for each days volume, and I’ve just added in the percentage drop. Will be interesting to see if there is another 2% drop tomorrow...
Three clear volume levels here within this fixed range volume profile from 1st April. Part of me feels we might dip down to the next line if we close below the current POC. Market sentiment feels like it is turning bearish, I think there is going to be a clear struggle over this price range the next week. 10k is a key level, a key psychological level more than...
This is nothing more than me playing around with the tools i've not used before, this is not really an idea, just education for my own personal trading diary. Thanks
I don't think i really need to say much about this, the chart speaks for itself, congrats if you stuck with this and traded the swings. Will it continue though, i think so, that trend line is strong.
This chart is looking prime for a correction any time soon...