Today's observation of BTC strength.
I will be posting here observations of where BTC is and the strength in a move up or down. This will not be a signal or call to do anything other than learn Bitcoins very interesting patterns and to find ones own methods of reading the tracks that Bitcoin leaves.
Today's obs. is strength is still in a position to move higher but not without the risk of a retrace of 10-20%, after which there is another move up.
The Step pattern is weakening however the indicators that I find most important are still in a positive place, 10/20, 9day, rsi support. I did not place it on the chart as I forgot to but the black line directly under price is supportive and this is a good indicator of BTC strength as the black lines on ther chart represent to me a gaining of strength in this run.
More tomorrow. These are good times.
Today's obs. is strength is still in a position to move higher but not without the risk of a retrace of 10-20%, after which there is another move up.
The Step pattern is weakening however the indicators that I find most important are still in a positive place, 10/20, 9day, rsi support. I did not place it on the chart as I forgot to but the black line directly under price is supportive and this is a good indicator of BTC strength as the black lines on ther chart represent to me a gaining of strength in this run.
More tomorrow. These are good times.
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