Lines and more lines....
Updated
I plan to go long here.
You can see the price grinding up the trendline.
Also, CGLDUSD is respecting the fib like a good boy.
But, my big indicator is the pressure that will happen in that circle I have on the graph there.
What we may see is the price grind up that trend line and huge amounts of pressure build below the white (100 day moving average) and then pop.
Now I say long but if bitcoin goes to crap then that pressure may pop the other way which would make me a sad sad person.
Setting a tight stop here of 2%.
This is not financial advice do not follow it.
This is just my trade on my failure at drawing lines :)...
You can see the price grinding up the trendline.
Also, CGLDUSD is respecting the fib like a good boy.
But, my big indicator is the pressure that will happen in that circle I have on the graph there.
What we may see is the price grind up that trend line and huge amounts of pressure build below the white (100 day moving average) and then pop.
Now I say long but if bitcoin goes to crap then that pressure may pop the other way which would make me a sad sad person.
Setting a tight stop here of 2%.
This is not financial advice do not follow it.
This is just my trade on my failure at drawing lines :)...
Note
$1.89 is forming a base.If not timber hardcore.
Y'all wish me luck!
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.