You're a chart artist. Just look at it.
If I were an owner, I'd try to figure out how to stay profitable above 10 dollars. Cant do that? You're just delaying the inevitable. Sell it all now.
BITSTAMP:BTCUSD The stochastic is in position to reverse. Could go deeper to confirm macro down trend. Volatility is low and log returns as of late of nothing to get excited about. Trading just below the 30 day ema moving toward the first standard deviation. Price action getting wedged into the March uptrend and the macro resistance around 10k. It’s time for...
First, I wouldn't base a trade on a single pattern. Bitcoin has a tendency to validate triangles and pennants. This is a completely different market cycle than previous cycles. I wouldn't be all surprised if BTC just crushes through all major moving averages, scares the @#$% out of everybody then commences to double in two months. Who can keep up with this?! If...
Pretty clear to see as the money supply increases so does the price of Bitcoin and probably everything else too.
Until this is not a downward channel I am not getting excited for 20k and beyond. All I see is a lower high in the making.
Within the next 7 days we'll find out where BTC wants to live for the next month or two.
Looking for support on the second standard deviation from the 96 hour average. Regression to mean always in play. I don't give a shit about the halving, adoption, or whatever other factor is considered on long term BTC potential. Buy support and sell resistance. The HV STD indicator helps you do just that. Averages and standard deviation. Works for me.
But the halving....and my bags....
Look at this chart and tell me why you think oil will rebound anytime soon or ever again for that matter.
This is my first published chart on Trading View. Here is a quick break down. 1. Vertical blue lines represent a 2 month market cycle. 2. Green shaded areas represent the bull market. 3. Red shaded areas represent the bear market. 4. Yellow shaded represent the consolidation phase of the market. 5. Purple vertical broken lines are the bitcoin halvening dates. 6....