ggonz

ggonz

Interesting observation - it seems BTCUSD has liked using the 20ma (also the Bollinger bands midline) as strong support. Note the circles where it's interacted with the line. If this pattern holds true, it bodes well for BTC in the medium term.

ggonz

BTC is showing a lot of Wyckoff distribution symptoms. See stockcharts.com for more info on Wyckoff method.

ggonz Updated 

Next couple days will be interesting for BTCUSD. After getting close to $6200, we saw some bearish divergence on various indicators such as MACD and RSI which hinted at the pullback it's currently on. Some things to consider right now: * It's sitting above an ascending trend line that started in mid September * Currently finding support on the 23% fib * We...

ggonz Updated 

There's a possible H&S on BTCUSD, BFX. Vol is a little choppy but feels like it's been increasing on the declines and decreasing on the inclines to the peaks. Will be interesting to see if it sneaks back over that neckline or comes down.