There is a descending wedge on the non logarythmic chart, which I find as useful for some things and just as valid as the logarytmic chart. It is just a different perspective that at times can confirm a prediction or provide contrast to a prediction. In this case the descending wedge seems to have more validity in the non logarythmic long term chart because it's...
This is only from the begining of July, so a relatively short term pattern but it does seem to have supports and resistances confirmed as a trend and not as fixed levels. Usually an ascending wedge like this will break down before it reaches it's apex, in this case we are getting close to a breakout point
I Charted this Trend line because I think that a lot of the price action in BTC history was a bubble and therefore an unreliable prediction of true value. The premise here is that the true value is closer to the all time lows, than to the all time highs, and the unsustainable spikes. However, I do believe that the all time lows are also undervalued. To display a...
It is my noob believe that either one of these is major resistance or support, and if we close a candle or two above these lines, I will close any short positions and consider some bullish options despite the predictions of lower consolidation. I don't believe we can break this resistance without some serious bullish pressure, but it would have to be confirmed,...
On this chart, look at how the price action corresponds to the fibbinachi channel I use, and how it is currently resisted at the top, and supported by the 100 ema on the bottom. That fib is really amazing tho, even as the channel changes, so does the price action, even diagonals down with it at each point the channel changes, it diagonals down with it. I usually...
This recent dip was high volume over a period of minutes, i.e. a whale. There are recent history records on the chart, that show usually a sideways action after the dip, where people are analysing, and then usually a FUD driven downtrend 400 points more or less down, over time, and then eventual recovery when people realize that there are no more whale dips, and...