tylert27

tylert27

On the log scale Weekly time frame, it clearly bounces off the lower trend line and holds 3 separate times since inception. The highs are a little more difficult to interpret but the range is clearly set by the previous highest w/ correlation to trend lines. Overall, the price action is showing that the floor of btc is progressing higher and higher and it would...

tylert27 Updated 

4 hour chart is showing an ascending wedge within the daily chart showing a descending triangle. profit target of wedge width is the support for triangle. look for reversal at support of balance of power line on volume analysis on the previous run up. good time to short right now. thought??

tylert27

any thoughts on the chart and price action?

tylert27

the weekly chart shows Head and Shoulder pattern with right shoulder completion if it fails to break resistance around 40-42k and moves lower. Breaking the support of the neckline confirms the pattern with a target of previous support/resistance level around 20k. Looking for a bounce off here and move higher on reversal to up over 100k-200k depending on the model...