Other good tools you could have used is the directional movement indicator, Slow #Stochastic and CCI... I personally try to use #Elliott wave theory, #Fibonacci and basic #trend. I've been #trading this top, Long-term chart analysis was showing the parabola was topping out then failed at a double top.
IMO this is good for Long term #Bitcoin #investors though. Historic volatility shows after #BTCUSD pulls back like this, it has allowed for new #traders/ investors to come in. If you zoom all the way out you will see volume spike exponentially after each pullback..
#Volatilitywatch
Please like and follow so I can continue my analysis as well. Thank you in Advance >=)
-follow_the_money
PART 1 - Entry of short @ #double top, check it out
Other good tools you could have used is the directional movement indicator, Slow #Stochastic and CCI... I personally try to use #Elliott wave theory, #Fibonacci and basic #trend. I've been #trading this top, Long-term chart analysis was showing the parabola was topping out then failed at a double top.
IMO this is good for Long term #Bitcoin #investors though. Historic volatility shows after #BTCUSD pulls back like this, it has allowed for new #traders/ investors to come in. If you zoom all the way out you will see volume spike exponentially after each pullback..
#Volatilitywatch
Please like and follow so I can continue my analysis as well. Thank you in Advance >=)
-follow_the_money
PART 1 - Entry of short @ #double top, check it out
PART 2 - Long term analysis, check it out