Trying to figure out the bitcoin behavior: Zig-zag channel
Connecting the dots, I see an outer triangle pattern of consolidation inside of which price is zig-zag-ing forming oscillating channels. I traced a line on the 9700 euro price to which it seems that the price is slowly tending towards.
The area under 9700 euro, is the one under which I am planning to increase my dollar cost averaging.
More bullish than ever.
Keep calm and accumulate bitcoins.
The area under 9700 euro, is the one under which I am planning to increase my dollar cost averaging.
More bullish than ever.
Keep calm and accumulate bitcoins.
Trade active:
my outlook on the bitcoin scenario. I expect an upward break on the price.
I tend to identify two inner channels: the innermost is keeps most of the price volatility, the outmost keeps the price when the market breaks into more bullish or bearish.
Into an altcoin bearish moment like this one now, I don't think it makes much sense to trade on altcoin-btc pairs; and I presume we will see new ATH soon; so I analyse these charts to find best moments to open new long positions on BTC.
I tend to identify two inner channels: the innermost is keeps most of the price volatility, the outmost keeps the price when the market breaks into more bullish or bearish.
Into an altcoin bearish moment like this one now, I don't think it makes much sense to trade on altcoin-btc pairs; and I presume we will see new ATH soon; so I analyse these charts to find best moments to open new long positions on BTC.
Trade active:
