BitcoinShort
BTCUSD Bitfinex : monthly
Updated
Monthly candle :
There have not been sequential 6th green candle at BTCUSD's history.
If BTCUSD would make 6th green candle this month, it could be an another story. I mean it could leads very bullish signal.
Volume :
Market cap has been growing rapidly.
But volume is not that facinating.
Of couse, we do know that the each value of BTCUSD between 10K and 1K are too different to compare their volume size equally.
But, if this rally would be a real bull run, the volume should have make such a bigger size than now, I think.
Trend line(using Fibo channel) :
I use two Fibo channel from the near bottom to the top.
Those two channel show me that BTCUSD is reaching its long-term resistance.(Fibo 1 resistance from the extreme channel and Fibo 0.382 from the modest bottom)
When we draw some Fibo channel from the top to the local bottom(3,215.2), we can find that BTCUSD is standing at its Fibo 1 and then it is trying to break out its 1.236 resistance.
Yup, it's a good signal to me. Let's see.
Overal trend :
I think BTCUSD is trying to make its 3rd jump now.
On that case, BTCUSD must retest its previous bottom(app. 1K).
It's hard to find BTC's direction now. So, I'm just keeping away from the day trade or something like that.
I'm still waiting for some of confident signals or evidences for the bullish or bearish market.
I hope you can find your own way & get some money.
Good luck.
There have not been sequential 6th green candle at BTCUSD's history.
If BTCUSD would make 6th green candle this month, it could be an another story. I mean it could leads very bullish signal.
Volume :
Market cap has been growing rapidly.
But volume is not that facinating.
Of couse, we do know that the each value of BTCUSD between 10K and 1K are too different to compare their volume size equally.
But, if this rally would be a real bull run, the volume should have make such a bigger size than now, I think.
Trend line(using Fibo channel) :
I use two Fibo channel from the near bottom to the top.
Those two channel show me that BTCUSD is reaching its long-term resistance.(Fibo 1 resistance from the extreme channel and Fibo 0.382 from the modest bottom)
When we draw some Fibo channel from the top to the local bottom(3,215.2), we can find that BTCUSD is standing at its Fibo 1 and then it is trying to break out its 1.236 resistance.
Yup, it's a good signal to me. Let's see.
Overal trend :
I think BTCUSD is trying to make its 3rd jump now.
On that case, BTCUSD must retest its previous bottom(app. 1K).
It's hard to find BTC's direction now. So, I'm just keeping away from the day trade or something like that.
I'm still waiting for some of confident signals or evidences for the bullish or bearish market.
I hope you can find your own way & get some money.
Good luck.
Note
Note
at 4h chart, BTCUSD is trying to keep its 0.618 line.
Somewhat h&s like pattern is trying to break out its neckline, but it's facing to 0.618 Fibo channel though.
Now we are standing around at the peak area.
someone would talk that BTC is just making some correction for the next pump and the others would talk that BTC had been touched its shorterm peak and then it need to huge pull back.
Let's see.
Note
Note
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