In my script Support & Resistance script witch you can find here: I make use of a modified clone of Jurik's moving average under the hood to form a multiple line as middle line if you bands selected in settings. What i have done here is to borrowed that code to make a strategy to show case the power of that script. The script buys/sells and exit on color...
Right now I see since that Bitcoin are in a descending triangle. It is at least a healthy sine if Bitcoin are. Right now I'm leaning towards bearish short term. It is likely Bitcoin will go up and test resistance at $9700 area and then down to $8800 area to fill the CME gap. If Bitcoin decides to go lower then $8800 I think the lowest Bitcoin will go is $8500. And...
So many famous Youtuber and Trader talk about the drop that is coming. It makes me believe we are have a chance of going higher from here. Bitcoins loves fake out... But if BTC breaks support at $7750. Next support is around $6300 but because people like to front run I don't think we go that low. Therefor in my opinion the bottom is in the vicinity of $7200. If...
This is a no trading zone for me but VWAP is starting to point up and if momentum wave can turn around here we can be in bullish territory again