yes obviously. This is for me to record my thoughts for future review.
-Descending Volume since early Feb. - Bullish (1Bull)
-Ascending Wedge - Bearish (1Bear)
-Broken the first trend line yet has not tested it as support yet. (0)
-Currently testing second trend line. However volume is low, not a sticking point, as the market looks yet to decide on a direction. (0)
-Previous 1D candle closed as a hanging man, which would suggest a local top. - Bearish (2Bear)
-6h chart 50/200EMA has crossed bullish for the first time since burning bearish on Jan 18th. (2Bull)
-Interesting that the 50/200EMA cross happened on the 50% fib line in the pitchfork. (0)
-Based on the pitchfork there is quite a lot of headroom for the price in this chanel.
I want to be bullish, this ascending wedge says otherwise though.
if the market goes direction A and crosses the center of the pitchfork and turns the 50%fib ($12,985) from resistance to support then i'm convinced we are bull.
-Descending Volume since early Feb. - Bullish (1Bull)
-Ascending Wedge - Bearish (1Bear)
-Broken the first trend line yet has not tested it as support yet. (0)
-Currently testing second trend line. However volume is low, not a sticking point, as the market looks yet to decide on a direction. (0)
-Previous 1D candle closed as a hanging man, which would suggest a local top. - Bearish (2Bear)
-6h chart 50/200EMA has crossed bullish for the first time since burning bearish on Jan 18th. (2Bull)
-Interesting that the 50/200EMA cross happened on the 50% fib line in the pitchfork. (0)
-Based on the pitchfork there is quite a lot of headroom for the price in this chanel.
I want to be bullish, this ascending wedge says otherwise though.
if the market goes direction A and crosses the center of the pitchfork and turns the 50%fib ($12,985) from resistance to support then i'm convinced we are bull.