my interpretation of recent btc price action
Kommentera:
this impulse is very strong (adjust line a bit) and even if it sounds crazy i think it can accelerate more on ath breakout for parabolic move and reach upper targets $1400 and $1800. its risky, this can be a wild ride with crazy shakeouts, be carefull if not holding a long from low levels.
Kommentera:
testing 944 support on stamp, on break down next support would be the trendline (purple) near 830 and then 775
Kommentera:
PBOC update
m.finance.caixin.com...01-07/101041525.html
chinese exchange got remembered
that they are not allowed to do offline promotions,
that btc is a virtual good not a currency,
no fake volume is allowed,
dont mention cny devaluation,
must know your customer,
must state the risk involved with btc trading,
m.finance.caixin.com...01-07/101041525.html
chinese exchange got remembered
that they are not allowed to do offline promotions,
that btc is a virtual good not a currency,
no fake volume is allowed,
dont mention cny devaluation,
must know your customer,
must state the risk involved with btc trading,
Kommentera:
back to pitchfork, fibs and ma200
Kommentera:
new chart, after price couldnt reach the top of the channel, support was found on parallel log line from last to top, adjusted channel:
