Similar MACD[TORYS] 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.
Note
Daily structureNote
The Weekly Candle looks good for the possible bullish reversal case, so far it's not closed yet.Note
Monthly MACD, will it stay white or does it turn deep red till the candle close in 9 days?Note
How the pattern formed itself after a few weeksNote
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.
Note
Same idea as above but different chartNote
Monthly Linear to Log Scale Side by Side:<deleted>
Note
Note
MACD TORYS Trendzone update:- Marked with light blue arrows
* added horizontal line at 1364
Original Idea chart:
Long term resistance breaker Bingo idea chart:
Note
Weekly +23h till closeTrade closed: target reached
It hit the long term mark of 104k, therefore worth an updated snap.Close: target reached is wrong but it is what we have since the TV idea update. It is what it is.
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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.