Redid the chart in order to remove trend lines that did not need to be there.
Not much to say. Its pretty straight forward. Just targets for buying and selling. Its not only called the top almost perfectly, but also the subsequent rejections at 38k and 35.6k
If you want to use it. You MUST goto 30 minute timeframe and enter values for schiff pitchfork:...
Bitcoin has recently tested 6.8 and bounced back to where it started the wave from, the pump was created by Bitmex being down and many of us are calling it an exchange manipulation and the dump was due to ETF rejection by the SEC. But we all was know that there are technical factors which indicate all this moves, and if you look at my chart from 14/08 you can see...
The chart shows the four leg-down with their retracements.
In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618%
The current leg-down is still developing
Has the cycle changed its initial point and endpoint due to the ETF proposal (Fundamental analysis)...?
I would like to read your opinion.
Thanks in advances
Cheers!
The 128MA 1D has been being a good reference in the long term for Btc. The price has resistance at the triangle's lower band, this zone has confluence with the 0.618 Fibonacci level
Have been following btc and relating it to previous price action of Gold and Silver futures.
Cant post pics from other brokers on here and dont pay for data so you either gotta chart out
/GC and /SIL or take my word for it. Previous technical action on futures let me to draw these lines on RSI
which panned out perfectly a few weeks out. If tradingview was able to...
Hello Traders!
We can expect a small possible dip here! Why ?
Completion of the shoulder , Double top & a Gann box support!
We can even see a bearish triangle forming
