BTC's highway to the moon... Bullish indicators
Recently I've been analyzing charts on higher TFs and finding these parallel channels that the PA dances around and respects to varying degrees over time. BTC is no different.
You can add more and more layers of channels on smaller TF, but for now I just wanted to point out these typically bullish indicators appearing on the 12HR:
Possible Inverse Head & Shoulders
Bull Flag which it's currently trading in
Above all major MAs
Respecting the ascending channel-- or, as I like to call it, BTC's "highway to the moon" ;)
We shall see...
Happy trades
CD
PS: I think maybe this is what Gann Fans are for? I haven't used them yet but I'll check em out.
You can add more and more layers of channels on smaller TF, but for now I just wanted to point out these typically bullish indicators appearing on the 12HR:
Possible Inverse Head & Shoulders
Bull Flag which it's currently trading in
Above all major MAs
Respecting the ascending channel-- or, as I like to call it, BTC's "highway to the moon" ;)
We shall see...
Happy trades
CD
PS: I think maybe this is what Gann Fans are for? I haven't used them yet but I'll check em out.
Comment:
Not to mention, we also just saw the highest weekly candle close for btc of all time...