travislester37

BTCUSD: Pick your trend line + Monthly Pivots

COINBASE:BTCUSD   Bitcoin
First time analysis = slapping some lines down and seeing what sticks. Added fib pivots on a monthly timeframe for some reference. Overall the forecast for BTC appears to be optimistic to me. This consolidation is very close to coming to a head and it seems as though the Bakkt launch is going to line up perfectly to be the catalyst for the next big move. Uptrend into a triangle historically seems to be a good indicator (at least in some shorter timeframes), not to mention on the long term we appear to be on the verge of completing a bull flag. Just getting into this whole chart analysis thing so any feedback is appreciated. Not familiar with very many indicators yet, but working on it. I figured someone with less experience analyzing charts would be able to offer a unique perspective with less potential for bias.

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.