Bitcoin Analysis Near Term
Hi all,
Here is a brief analysis of bitcoin in the Near Term time frame. Shortly, I will also post an analysis of short term time frames. On the larger time frames included in this video (3 day and 4 day) I am quite bullish as long as nothing dramatically changes in the lower time frames.
If you are interested in using the indicators in this video yourself, look up WyckoffMode and the indicator names are Bollinger Bands (badass B-Bands) and Phoenix Ascending 2.201. The more videos I make the more in depth we will get about the indicators. It will be easier to show you the relationships in live time opposed to backtesting etc.
In summary, in the long term bitcoin looks very bullish, in the short term (1 day) it looks as though we may be putting in a lower high given that the green is below the energy and appears to be heading back down. I will follow up with a shorter term analysis.
Best,
Brad
Here is a brief analysis of bitcoin in the Near Term time frame. Shortly, I will also post an analysis of short term time frames. On the larger time frames included in this video (3 day and 4 day) I am quite bullish as long as nothing dramatically changes in the lower time frames.
If you are interested in using the indicators in this video yourself, look up WyckoffMode and the indicator names are Bollinger Bands (badass B-Bands) and Phoenix Ascending 2.201. The more videos I make the more in depth we will get about the indicators. It will be easier to show you the relationships in live time opposed to backtesting etc.
In summary, in the long term bitcoin looks very bullish, in the short term (1 day) it looks as though we may be putting in a lower high given that the green is below the energy and appears to be heading back down. I will follow up with a shorter term analysis.
Best,
Brad
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