#bitcoin building strength heading up here's an idea Y/N ? for BITFINEX:BTCUSD by Felix000

trendanalysis chartpattern indicator btc btcusd btc_usd bitcoin bitcointrading crypto cryptocurrencies

Update. Bitcoin building strength. Stoch is oversold. Voume Oscillator I've made a correction to previous post - period June 6 to June 7 is now a red square i.e. volume opened and closed same direction as price. Ultimate Oscillator is heading up and I think as Stoch oversold and Volume Oscillator down there's a good chance Ultimate Oscillator will not be heading down below 32.7366. So I'm cautiously switching to long for now unless market makes new lows.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.

Comment:

CAUTION - WORTH CHECKING OUT THE STATS. TODAY IT LOOKS LIKE A DEVELOPING FRACTAL HIGH TWO DAYS BEFORE THE START OF THE LAST ELEVEN DAYS OF THE MONTH. A QUICK LOOK BACK AT RECENT STATS AND ALL THE GAINS MADE TODAY 18TH COULD BE LOST OVER THE NEXT DAY OR SO. IT DOESN'T MATTER WHETHER IT HAD BEEN A DEVELOPING FRACTAL HIGH OR LOW GAINS COULD BE LOST. HOPE NOT THE CASE, BUT WATCH OUT.

ALSO IF BITCOIN IS GOING TO GO HIGHER THEN THE LOW MADE ON THE 13TH HAS NOW GOT TO HOLD OUT TILL THE END OF THE MONTH.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.

Comment:

Now that fractal low of 13th June has been breached it looks like we could have a repeat scenario like 20th May to 31st May, and if this months fractal low is breached in July then July could turn out like February scenario.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.

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