BTC Bar Pattern and Pi-Cycle
A bar pattern of the Jan-May higher high's has been taken and over-layed the current structure. The DMA's are the Pi-Cycle top model (top is a moving avg of 350*2, bottom is a 111 day MA) have served as critical lines of resistance and support.
What am I watching?
- First, the bar pattern is clearly similar, however, less explosive. (Less buying power and investor impetus).
- In order to stage a leg to the downside, we must complete the LH from a top and break the 111DMA.
- Trend Line has to be broken.
- Lastly, strong sell volume can be appreciated during a top, followed by weak buying volume the following top.
Just my .02
Cheers
What am I watching?
- First, the bar pattern is clearly similar, however, less explosive. (Less buying power and investor impetus).
- In order to stage a leg to the downside, we must complete the LH from a top and break the 111DMA.
- Trend Line has to be broken.
- Lastly, strong sell volume can be appreciated during a top, followed by weak buying volume the following top.
Just my .02
Cheers
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.
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.