my current charting on BTCUSD Long
4h Chart,
(Gross) - BOTTOM of Ascending Channel + coming OUT of Descending Flag
(Moving Averages) - EMA 20/30/50/100/200
-200d MA is now a resistance level
-NOTE* 200d MA has leaked out of Ascending Channel
Great Entry Buy: if we stay within channel
Terrible Buy if: it will dip out of the ascending channel
4h Chart,
(Gross) - BOTTOM of Ascending Channel + coming OUT of Descending Flag
(Moving Averages) - EMA 20/30/50/100/200
-200d MA is now a resistance level
-NOTE* 200d MA has leaked out of Ascending Channel
Great Entry Buy: if we stay within channel
Terrible Buy if: it will dip out of the ascending channel
Note
30m VS. 4hr (Gap is big but nice to see the overall picture a bit)Note
on 1wk, a "Long Legged Doji" is forming on the bottom of ascending channel, potential reversal OR consodilidating periodIf it is the bottom a prime entry would be 77
Note
UPDATE:Summary
We are above 50/100/200 MA, and the 20 MA at (+) slope, looking very bullish
Note
15min/1hr chart, looks like a blast off to meNote
Note
UPDATEand chart just now reversed into bullish
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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.