ChristopherJuliano

A FRESH LOOK AT BITCOIN USD

COINBASE:BTCUSD   Bitcoin
IF YOU THINK ABOUT IT... PRICE ACTION IS DOWN ON THE DAILY CHART UNTIL WE BREAK $11,816. RIGHT NOW WE ARE IN A PRICE CHANNEL BETWEEN THE HIGH AND LOW OF PRICE ACTION. I HAVE SYNCED THE WEEKLY HORIZONTAL LINES, TRENDLINE, AND 50 SMA WITH 15 EMA TO THE DAILY CHART. YOU CAN CLEARLY SEE THE MAJOR SUPPORT LEVELS. I ALSO USED THE CM_WILLIAMS_VIX_FIX WHICH IS A COOL INDICATOR THAT SHOWS POSSIBLE MARKET BOTTOMS (GREEN BARS) MY SUGGESTION IS TO STRIP ALL INDICATORS OFF YOUR CHARTS AND TAKE A FRESH BIRDS EYE VIEW OF BITCOIN USING THE WEEKLY CHART FOR TREND DIRECTION, MAJOR SUPPORT LEVELS, AND TARGETS... AND THE DAILY CHART AS YOUR TRIGGER CHART TO PLACE ENTRY AND STOP LOSS.

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