Testing this line as support could result in a reversal of the bullish move that we have exprienced these last 2 days. In other words, line on chart go brrrrr
Lot's going on here.... the important thing to look at here is my indicator. The Log of the Price divided by the 200 day weighted moving average. That's right! A symmetrical triangle has been forming since it's inception. Holy absolute fucking shit!! LOL
BTC (BITCOIN, BTCUSD) squiggly lines on chart hahaah xD
Bitcoin is nearing a breakout from a symmetrical triangle: -The descending trend line started around the initial liquidation around the 19th of May, at around 41,000 USD -The ascending trend line started around some large buy-side volume when prices dipped to as low as around 29,000 USD The RSI descending channel is nearing it's top trend line where it...
This shows the Relative Strength Index (with divergences) to BTCUSD on the Daily timeframe KEY NOTES: -This has been a continued lower-high trend since January -Hints at major reversal in strength in the future -Short term price volatility imminent
Elipses = reaction to hitting support/resistance Blue line = support/resistance
Bitcoin's current overall trend mapped with traditional candlesticks, compared to the OBV indicator
This chart (BTCUSD) maps the all time price history index of Bitcoin to the U.S dollar in traditional candlestick form and visualized with the OBV (On Balance Volume) indicator on a logarithmic scale. Currently, the price is about to enter a "Chop Zone" where the price, historically, becomes very unpredicatable. There is also a trend line in the chop zone which...
A simple mapping of the divergences in price of Bitcoin in relation to the Money Flow Index.