Similar MACD TrendZone bottom pattern.
Will it repeat itself? It's Bitcoins first test against a global inflation, something something doom everything.
Not much confirmation yet to call it a long with confidence. But it sits just above the monthly EMA 100 aswell.
Will it repeat itself? It's Bitcoins first test against a global inflation, something something doom everything.
Not much confirmation yet to call it a long with confidence. But it sits just above the monthly EMA 100 aswell.
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Daily structure
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The Weekly Candle looks good for the possible bullish reversal case, so far it's not closed yet.
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Monthly MACD, will it stay white or does it turn deep red till the candle close in 9 days?
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How the pattern formed itself after a few weeks
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Made the Expanding Triangle a bit more visible, the red dashed lines.
In my means Bitcoin is in recovery phase by now, as long as the price pattern stays above the top red dashed line. Even if it goes back down to the bottom yellow line.
So if you are not already long since 24 Dec., be patient, most are sick of the market by now. This is when we enter the market.
In my means Bitcoin is in recovery phase by now, as long as the price pattern stays above the top red dashed line. Even if it goes back down to the bottom yellow line.
So if you are not already long since 24 Dec., be patient, most are sick of the market by now. This is when we enter the market.
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Same idea as above but different chart
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Monthly Linear to Log Scale Side by Side:
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MACD TORYS Trendzone update:
- Marked with light blue arrows
* added horizontal line at 1364
Original Idea chart:
Long term resistance breaker Bingo idea chart:
- Marked with light blue arrows
* added horizontal line at 1364
Original Idea chart:
