Here’s a little more of a macro view on BTC from the 1D charts. I am prepared for a further drop down into the 5K range (smaller timeframes are currently pointing down). But, I want to make a case for the perma-bull. Assuming I am a perma-bull and disregarding 2014 analogs, I would believe we bottomed. After Drop 4 (“D4”) BTC consolidated within the range of...
My view is the following: -I have been closing longs for the past week, most of which have been fairly recently. Best close IMO was 7/24. Pretty important day – it signaled the TD9, flirted with the 61.8% fib and Weekly Resistance 2 Pivot and had a RSI of almost 90. -During the upswing, volume (esp buying volume) _generally_ continued to steadily increase until...
BTC to Gold Futures Introduction Analog from May-2017 Full math and calculation explanations to follow.
This is the first time that BITFINEX:BTCUSD 's Weekly RSI has touched this level since 2014. Full details to come. **Not Financial / Trade advice**
Idea for a Quick swing before BTC resumes its bear trend down to the 6K region. **Not trade advice, just a personal log
Major Resistance: ~9100 Major Support: ~6950 **This is only an observation, not financial advice**