BTC/USD is still on our pitchfork downtrend channel and the market is uncertain and sentiment driven. Death cross coming close with MA50 and MA200 so we need to keep an eye on that. We need to see BTC break that upper channel to consider Bitcoin bullish, otherwise we're still on a bear market.
We all know that there's a lot of analysis out there considering a lot of different indicators and patterns but we decide to stick to the basics by following the KISS principle (keep it simple, stupid). Most of average traders are watching support and resistance, oscillators and moving averages. Technical analysis is nothing more than using what most people uses, because what moves markets is not patterns, is people themselves.
We all know that there's a lot of analysis out there considering a lot of different indicators and patterns but we decide to stick to the basics by following the KISS principle (keep it simple, stupid). Most of average traders are watching support and resistance, oscillators and moving averages. Technical analysis is nothing more than using what most people uses, because what moves markets is not patterns, is people themselves.