In this analysis I want to come back to an analysis I made back in March and June this year. I talked about my Logarithmic Price Bands indicator and how it has successfully predicted a BTC top around in the yellow band. Over two months after the analysis, the price has fallen through the yellow price band again. It's looking like BTC is losing upward...
Was not planning to do any deep dive research for this one, but the long term trend of ICE is too obvious to ignore. Despite the choppy daily chart with now and then a small jump, it did grind higher and higher, decades-long. When dealing with such a long time frame, it's important to adjust the pr-ICE to splits, dividends, and rights offerings. And let the ...
When fiboretracement drawn from last swing or retracement before low liquidity drop, natural log can indicate turning point around 2.272 area. And when price comes back to fill the low liquidity caps, it uses 1.272 area as support. It gives nice range trades between 1.272 and 0.739 area. Also one could trail stop and anticipate brake of 0.739 and have TP around...
A trend line coming right from the start of the bullrun in 2015. Let's see how bitcoin reacts on it.