S/R lines (yellow) following the green candles on the uptrend. Blue arrows indicate previous months closes all ended with bottom wicks. Support in previous months had mostly stayed out of the way. Lazy bulls or waiting for bears to literally go broke? Trend still indicates a run to at least $11-12k.
This is the last 5 years at 1 week. Blue arrow shows November 2016, last halving of BTC.
Combining the daily chart with 1yr, to the left of the dip we have cliffs and to the right, we have steps. If trend/pattern continues to hold course, the short term price rise would put it at about 11500 to 12k. So far each candle ending or starting the next step has been green. The last one, circled with a '?' is still going and as of this posting, does have a...
For the last 12-18 hours the price was stale, moving only slightly up and down, or just above and below the MACD. Something spent several hours collecting 'penny profits' at almost precisely 15 minute intervals until again, a sudden and steep drop in support stopped it dead in it's tracks. I called 7090, we hit 7080-7095 depending on where you trade.
Support level abruptly dropped literally stopping the price in it's tracks, sending it on a quick tumble. Imagine a massive concrete wall fell out of the sky as it's hopping along and hits it face first. Knocked out cold.
Bitcoin prices has been mostly above all lines of major support pretty much since about 1:00am eastern time.
This graph details my purchases and provides an informational analysis behind the sudden recovery of Jason Industries ( NASDAQ:JASN ) stock value. In the last 5 years and prior to December 13, 2019, JASN had lost 98% of its stock value to hit rock bottom at $.015 in early December 2019. As of 1:30 PM eastern time December 16, 2019 JASN was up 45% and up 30% for...