BitcoinLong
A simple BTC chart
This is a log chart of BTC. it shows a few simple concepts.
1. the importance of this long-term channel acting as support/resistance
2. the oversold condition (blue bars) act as a launching point
3. the duration of the launch seems to be 35 bars (months)
4. the top trendline may be a good target for the next launch
5. the channel centerpoint seems like a reasonable area of support as we move forward in the next few months.
1. the importance of this long-term channel acting as support/resistance
2. the oversold condition (blue bars) act as a launching point
3. the duration of the launch seems to be 35 bars (months)
4. the top trendline may be a good target for the next launch
5. the channel centerpoint seems like a reasonable area of support as we move forward in the next few months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.