Felix000

#Bitcoin did not touch my trend line but move is timely

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Updating all my charts.
Comment: Can't ignore this move. Something definitely creating some excitement at last. Did some more research on my turquoise shaded zones (light blue) ideas other chart posting - see previous postings for understandings and both on daily and weekly was calculating a more accurate figure of buy zone between $7,159 and $6,867. If it works out I'll post how I worked these figures out.
Comment: Day has not ended so don't know yet how day bar will end. Could it reverse ?
Comment: That white diagonal should be to the high of 21st May and not 22nd May. Hard to see what I'm doing on my charts sometimes. Also had to use some judgement over which two lows to join up, but may would not have made much difference to the angle of the diagonal to the high anyway (but haven't checked it).
Comment: Daily Stoch RSI based on past morphology suggests bottom may have been hit, but need confirmation like end of day, and to see some form of retest - need more time. I haven't done enough research to speculate on anything more on the day chart at this stage.
Here it is mate we are finally starting to bullish trend. this is what i was talking about look at the MACD the bears
have ran out of btc i heard lots of talk yesterday that people where dumping there btc last night and taking the
small profit they had to buy back in and im assuming that was a lot of people because im seeing a big change now.

We need more confirmation but i would hold back with the bearish side of things for now, I'm going to take a much
closer look later i was also considering btc being done for every one was and this is because they have been in
control for so long over all if you look at the bigger picture 11k is easily achievable..
Reply
Felix000 chase4fun2018
All my stuff is on day bars and weekly bars so I also got to wait and see how ends up. It's a timely move everybody will be watching now for confirmations. Was doing the smaller timeframes because everything got so boring to watch @chase4fun2018,
+1 Reply
@Felix000, I agree too much sideways movement
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