Bitcoin - Cliff Dwelling
Updated
I want to keep this short and sweet.
I created a indicator (dubbed "LOPMA") which has many useful aspects to it. One thing is ascending trend lines on increasing prices.
I have dubbed these lines as "Cliff" as I have observed that price typically falls off a cliff after deviating from the trend line.
I usually considering connection of two points with a trend line as lazy, however this indicator is simply build different as the kids would say.
Other important things I want to mention, quickly, there was not much liquidity on the price increase from around 20k to 30k, which means if this starts falling, it might not stop.
Alts will continue into obscurity as BTC does what it was designed to do.
Have a great day/night to anyone who sees this!
I created a indicator (dubbed "LOPMA") which has many useful aspects to it. One thing is ascending trend lines on increasing prices.
I have dubbed these lines as "Cliff" as I have observed that price typically falls off a cliff after deviating from the trend line.
I usually considering connection of two points with a trend line as lazy, however this indicator is simply build different as the kids would say.
Other important things I want to mention, quickly, there was not much liquidity on the price increase from around 20k to 30k, which means if this starts falling, it might not stop.
Alts will continue into obscurity as BTC does what it was designed to do.
Have a great day/night to anyone who sees this!
Comment
Perfectly executed, congrats to anyone with a similar thought process, or those few who came across this post...
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.