***This analysis is only for study purpose, no financial advice.***
1. I accidentally learnt to use the pitch fork tool, then i wondering how it works on BTC
Previously I thought the rainbow chart isn't in log view for its rainbow scale.
But pitch folk works the same! Now i realized nothing's wrong with rainbow chart
.
2. I saw some analysis said BTC already broke below the "median line" that's not true
Below 29000 is under the median line where Truly bear market happens
.
3. This analysis based on halving process which effect to the BTC demand/ supply hence it effect to the price
.
4. The previous analysis of no "Hopium mode" is based on monthly RSI indicators + candles
.
.
This is all i wanna note it/ share with u
Feel free to feedback / comment
.
Happy + Safe Trading.
Mil
1. I accidentally learnt to use the pitch fork tool, then i wondering how it works on BTC
Previously I thought the rainbow chart isn't in log view for its rainbow scale.
But pitch folk works the same! Now i realized nothing's wrong with rainbow chart
.
2. I saw some analysis said BTC already broke below the "median line" that's not true
Below 29000 is under the median line where Truly bear market happens
.
3. This analysis based on halving process which effect to the BTC demand/ supply hence it effect to the price
.
4. The previous analysis of no "Hopium mode" is based on monthly RSI indicators + candles
.
.
This is all i wanna note it/ share with u
Feel free to feedback / comment
.
Happy + Safe Trading.
Mil
Note
Red line is the median line (can be at any price it's ascending)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.