pbau3r

Is there any meaning to my drawings

BITSTAMP:BTCUSD   Bitcoin / Dolar
Hi Folks,
Sorry I don't want to disturb nor influence anyone, I'm a newbie to charts, and posting my first "idea"

Just noticed some patterns, any1 could comment ?
I notice a reaction when touching the bottom line (channel?) at least on the 1Hr resolution

I'll go back to learn more, promised

Thank you + Cheers
Dear All, thank you for your comments

Agreed, big picture is most important, I'm LT player
(still playing with that zoom button to see if anything shows out different)
Balas
Sure, you spotted the short-term trading range of BTC. Right now it's at the lowest point so you could make following conclusion:
If BTC breaks the upper trendline it is likely to go further down to the next minor support at 15,447.

Since your analysis has a very short-term range you could zoom out and look for another one to predict the next bigger move.
Balas
yes , but you re deliberately ignoring the bigger picture.
Balas
@neofutur, "deliberately" would mean he's consciously not looking at the bigger picture. You think he's ignoring it on purpose?
+1 Balas
CHART CHANGES WITH TIME FRAME U TAKE...NOW DRAW A DOWN TREND WITH 15 MINUTES INTERVAL...
Balas
If there is a meaningful drawings, it should be a meaning :)
Balas
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