BTC/USD current situation
charting for chartings sake :) now how do make money off this?? haha anyone see any good trades?
I'm gonna be trading the breakout that occurs when the price breaks out of that descending wedge on the daily chart or when we get a daily bar that closes below the blue support line drawn on the weekly chart (and visible on the other charts).. that will be a big move and might really decide the near-term future of bitcoin
also the triangle forming on the weekly looks promising
not sure what to make of the bull flag on the 4H bars considering it's been broken and most importantly because there is so much going on in that area that it's kind of a cluster of support, resistance, trendlines and impulsive price action - but it's gotta get out of this price range soon (???).. I'm thinking
I'm gonna be trading the breakout that occurs when the price breaks out of that descending wedge on the daily chart or when we get a daily bar that closes below the blue support line drawn on the weekly chart (and visible on the other charts).. that will be a big move and might really decide the near-term future of bitcoin
also the triangle forming on the weekly looks promising
not sure what to make of the bull flag on the 4H bars considering it's been broken and most importantly because there is so much going on in that area that it's kind of a cluster of support, resistance, trendlines and impulsive price action - but it's gotta get out of this price range soon (???).. I'm thinking
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