Felix000
Education

Buy the breakout. Retrace over? You decide

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
All details on chart. NOT ADVICE. DYOR.
Comment: Here' how the chart currently looks.

Comment: Here's with retracements based on close
Comment: Here's the current picture. Price only broke yellow box signal after the 14th day. I got no statistics longer than 14 days. Therefore I'm not going short. Not sure if stats would suggest sticking with first break if no whipsaw within 14 days. I believe a strong DXY (dollar index) is what's causing bitcoin to sag. Dollar will have to fall and stocks head back to new highs at some point. Will bitcoin get wind of it first. NOT ADVICE DYOR
I agree with you. My fractal analysis has a similar result.
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Felix000 meszaros
Your analysis looks good. Once the signal line of default MACD flipped to positive I decided daily RSI was no longer important and the bottom was in with just retracements to follow - Moon shot coming as long as price stays within the uptrend. See earlier posts. NOT ADVICE. DYOR @meszaros,
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