Price now heading down in wrong direction. That bounce on the 4 hour chart yesterday looked flimsy Y/N and I'm confused with quite a number of signals in my charts. Maybe somebody can do better ?
Komen
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Anybody who follows my work will know that todays opening price appears often to be a good stop an review point (based only on recent stats) when price closes above or below the previous days open or close. Yesterday I added a red vertical to my MACD because price closed up but MACD bar closed down. That's why todays open could be significant.
Komen
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Another confusing bit is that compared to last time the MACD bars are already in the minus zone. Good or bad sign ?
Komen
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Don't forget as per the above description of stop and review point and for those who know my work verdict/jury isn't out yet on whether today May 25 will close above yesterday's close or below yesterday's open. Confusing.
Komen
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Just published my most recent post. It's a bit more than a work of art, more a work in progress.
Komen
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Being doing some studies with the weekly chart and bulls need to hold May 24 low or worst case scenario I reckon $6,250/$6,200. Also, closing above $8,523 on the weekly chart will be a key future target. Not advice, all standard disclaimers apply.
Komen
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Have posted amended "#Bitcoin work of art?" Feb 4th was Sunday not Feb 5th. Have amended shaded area to Feb 4th instead of Feb 5th and amended the yellow star position in my Stoch RSI.
I got loads of confusing support levels on my chart but I'm watching for any other signals. I got my trend lines too, and a bit how things worked out last time to go on. No guarantee things will repeat same patterns@evs007,