Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Bitcoin Macro Trend Analysis (from 9/27/15 to 11/23/20)
Bitcoin
Bitcoin Macro Trend Analysis (from 9/27/15 to 11/23/20)
By fiatdaemon
Follow
Follow
Nov 19, 2020
1
Cheer
Cheer
Nov 19, 2020
Looking at Basic Trends using All / Weekly for All Time Trends using Log Scale
Support Trend Line from 9/27/15 to 11/23/20
$20 k Resistance
Support Retracements at $6.7 k, $10 k, and $13.3 k
Support Retracements at ~33%, and ~50%, and ~66% from $20 k respectively
Support Trend Lines showing repeated vertical action with RSI @ ~85% at critical peaks
Speed Lines set to 33%, 50%, and 66% scaled by using the major trend line
Repeated attempts to hit previous ATH of $20 k with approximately less than one third of the previous vertical distance to cover
Dotted trend lines showing identical angles which vary depending on log scale (approx 64 degrees at this scale)
Bitcoin showing its gradual trend to revisit its ATH while showing a strong trend at a macro scale
Eventual continual retests back to the trend line should inspire confidence over time
Bitcoin (Cryptocurrency)
Candlestick Analysis
macrotrend
speedline
Support and Resistance
Trend Lines
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
.