Current map of the Bitcoin Candle War. Grand Triangle... the most massive triangular conglomeration of intense BTC battles that I've ever seen. It all looks long to me. // Durbtrade
I haven't seen anything about this yet, so here is a chart comparing the price of COIN with the price of BITCOIN. I think that it's safe to say that so far there is a direct correlation between the two. Not saying they won't diverge or converge at some point... but that might be a signal of sorts. It will be interesting to follow this pair and see how they relate...
COIN is floating around in the clouds right now... halfway between 0 and 600. Final 15min chart.
A three-dimensional approach to applying fibs, using my latest creation... what I call a fib sphere. Adjust the time and price scales to unlock its mystery. Enjoy! // Durbtrade
COIN is still stuck in the downward channel that it's been in for awhile now (atleast, from this perspective). It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib. The 0.50 fib appears to be COIN's heaviest resistance within the channel (and although COIN did break through the 0.50 fib temporarily twice before, it was rejected at...
COIN bounces out of the descending channel that it's been rolling in since the beginning of the week. Has a base of COIN been established at 300? Starting with a horizontal ray at 310 (the bottom of the big drop), I began using rays to connect the higher wicks together, and then the lows together. After that, I extended some rays to the left and looked at...
I see 5 unbroken bullish trendlines vs 1 broken bearish trendline. and 2 red heiken-ashi candles vs 9 green heiken-ashi candles. What do you see?
What I do know ... is that 49 days ago we were at 43021.00
Large correction yesterday to $310. Slight recovery to $354.20 just below the 0.382 fib, but then it drops to $321.77, forming a higher low, and a new fib to look at. Recovers to the 0.5 line on the new fib, only to drop to $317.43, forming a lower low, but still $7.43 above the all time low. And lastly, some slight upward momentum, breaking through the most...
Downward trendline broken. New support forming. Next battle at 0.382 fib.
The most meaningful 9hour MACD fib spirals, a few dotted trendlines, and an MACD projection of our path to 77k/100k btc/usd.
After 5 days and 9 hours below the signal line, the 3hr MACD finally crosses above it. The last time this happened at this interval, 3/26/21 at 2.00am, BTC price went up 8k, peaking 5 days later. Things are looking up from my perspective!
Patterns that may influence your perspective. Happy Trading!