Trying to figure out the bitcoin behavior: Zig-zag channel
Connecting the dots, I see an outer triangle pattern of consolidation inside of which price is zig-zag-ing forming oscillating channels. I traced a line on the 9700 euro price to which it seems that the price is slowly tending towards.
The area under 9700 euro, is the one under which I am planning to increase my dollar cost averaging.
More bullish than ever.
Keep calm and accumulate bitcoins.
The area under 9700 euro, is the one under which I am planning to increase my dollar cost averaging.
More bullish than ever.
Keep calm and accumulate bitcoins.
Transaction en cours
my outlook on the bitcoin scenario. I expect an upward break on the price.I tend to identify two inner channels: the innermost is keeps most of the price volatility, the outmost keeps the price when the market breaks into more bullish or bearish.
Into an altcoin bearish moment like this one now, I don't think it makes much sense to trade on altcoin-btc pairs; and I presume we will see new ATH soon; so I analyse these charts to find best moments to open new long positions on BTC.
Transaction en cours
original chart is more accurate than I could have hoped.ibb.co/HKd0L0r
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.