The Bitcoin chart shows the following patterns: 1. Halving, approximately every 1400 days. 2. 427 days from cycle high to cycle low. 3. From halving to cycle high - 518 days. 4. Each cycle low hits the previous peak. 5. After the correction, the price works out the Fibonacci levels of 2.618 and 3.618. Based on these patterns, we can make the following...
Line chart (grey). Trading above the support (blue) is a basic condition. Crossing of the moving averages (red and green) is a long-term signal for a trade. The levels of accumulation (yellow) and trend reversal (purple) are marked.
Hey everyone! Today I will share you my trading plan for the next few months. We will look at the weekly Bitcoin chart on the Kraken, with following analysis tools: 1. Moving Averages - MA with periods 21 (red), 55 (green), 89 (gray), 200 (blue); 2. Support and resistance levels (yellow). To begin with, I will explain what flat is. In the flat, the price moves...