BitcoinLong
BTC - Strong trend....when?
Greetings.
BTC could be starting a new, very strong trend targeting 56,xxx resistance and higher . Why do I say this? Take a look at the past times price has ridden up the 1.5 standard deviation of the 20 day moving average. This indicates a strong market. For your reference, I have included two such past fractals with different relative slopes in red and blue. Further evidence and confirmation of this bullish move is provided by the Andrew's Pitchfork or "median line". BTC has respected these and other pitchforks in the past.
Check some of my other ideas to see how well BTC has respected median lines.
Cheers
BTC could be starting a new, very strong trend targeting 56,xxx resistance and higher . Why do I say this? Take a look at the past times price has ridden up the 1.5 standard deviation of the 20 day moving average. This indicates a strong market. For your reference, I have included two such past fractals with different relative slopes in red and blue. Further evidence and confirmation of this bullish move is provided by the Andrew's Pitchfork or "median line". BTC has respected these and other pitchforks in the past.
Check some of my other ideas to see how well BTC has respected median lines.
Cheers
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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.