Quick post...
After 3 declining tops, BTC has broken out above the top of the parallel trading channel. This could be significant, and could mark the beginning of a run. Can BTC stay above that parallel trading channel long enough to establish a new trend? It's possible.
But do you notice that the second green candle wick topped out EXACTLY at the Light Blue 4.236 Fib Circle ring? This is impossibly remarkable. I made that set about one entire month ago, and the price line has been making pivots on the rings ever since. The key here will be whether or not the 4.236 acts as a rejection, or a resting point for another pump. But notice that the stochastic is on its second run above the overbought line of demarcation. We have a double hump. And now the momentum is pointing downward again.
We are just about due for a change in direction. It has taken quite some time for the price to fight its way ALL THE WAY BACK to the top of the parallel trading channel. So one of two things will happen... an inexpiable bullish breakout, or a predictable slide back to the other end of the trading channel.
What is your guess?
Carlton Flowers
The CryptoPro
After 3 declining tops, BTC has broken out above the top of the parallel trading channel. This could be significant, and could mark the beginning of a run. Can BTC stay above that parallel trading channel long enough to establish a new trend? It's possible.
But do you notice that the second green candle wick topped out EXACTLY at the Light Blue 4.236 Fib Circle ring? This is impossibly remarkable. I made that set about one entire month ago, and the price line has been making pivots on the rings ever since. The key here will be whether or not the 4.236 acts as a rejection, or a resting point for another pump. But notice that the stochastic is on its second run above the overbought line of demarcation. We have a double hump. And now the momentum is pointing downward again.
We are just about due for a change in direction. It has taken quite some time for the price to fight its way ALL THE WAY BACK to the top of the parallel trading channel. So one of two things will happen... an inexpiable bullish breakout, or a predictable slide back to the other end of the trading channel.
What is your guess?
Carlton Flowers
The CryptoPro
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。