1D and 4H trend end zone near
So, just wanted to mention that it seems as though a valid trend 'end zone' is near for the daily Bitcoin uptrend. If I'm right this won't be the ultimate end for the trend but will result in a significant counter-trend movement comparable to or larger than the 9.20 counter-trend movement. This warning will be confirmed IF price makes a new high before any further events appear, and IF, after making a new high, no additional events appear before a significant counter-trend movement takes place. We are at an end zone in both the 1D and 4H time frames. I use the 4H as an entry/exit chart so I will begin trailing candles to exit after a new high is triggered.
From the 3,905 low on 9.21 to the current high (5,867) we've seen price span 1,962 points. I will have captured 1,604 if we get our high...
Finally, you can see I'm using a Bitstamp chart on the right instead of another Coinbase chart. I just found that for this movement, the Bitstamp movement was a little easier to read and provided a better starting point. You can use charts from various exchanges to provide signals and from what I've seen, Bitstamp and Bitfinex have been pretty in sync with GDAX for a number of recent movements going back months. I think it will prove helpful here.
From the 3,905 low on 9.21 to the current high (5,867) we've seen price span 1,962 points. I will have captured 1,604 if we get our high...
Finally, you can see I'm using a Bitstamp chart on the right instead of another Coinbase chart. I just found that for this movement, the Bitstamp movement was a little easier to read and provided a better starting point. You can use charts from various exchanges to provide signals and from what I've seen, Bitstamp and Bitfinex have been pretty in sync with GDAX for a number of recent movements going back months. I think it will prove helpful here.
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