Interesting observations
Knowing price action runs on an algo i've been experimenting with interesting time frames amidst this interesting development on btc. Tossing a 23hr candle to the charts I noticed how close the 50&100 MA were to have a golden cros. Noting this i zoomed out and just observed the trend line holding us back for sometime now and noticed with the exception of the massive dip we had (shortly lived) we're in a descending broading wedge.... Ik these are more likely bullish than bearish but if we bust out of this channel were in trouble. Also pinging a fib retracement, but for some off reason cant draw my lines. Anywho closed my short for 5% profits (hedge against big buy order i placed), and proceeded to enter a long position. Evryone is bearish on bitcoin. Oh also the 12hr stoch rsi has been bottomed out for 5 days... it needs to breathe...
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.