From my analysis I have come to a conclusion that Bitcoin appears to be forming a head and shoulder pattern and an uptrend market on the 4 hour chart.
my analysis indicate that the trend is in a downward movement and if and when it hit my support line i expect a nice luach . I will keep watching in see if my analysis is correct... so far its been over 2 months and it has been so lets see.
I set this up sometime ago and so far the trend has been constant …. I will be going more in detail day by minute …this trend analysis consists of me using Support and resistance intensely. This has worked for me
Looks like it’s still following the trend. If it hit th e support I expect a pullback …What do you guys think about it? Also I used support and resistance intensely as a go to strategy to follow the trend.
Look like bitcoin is go in for a bullish ride. Using intense support and resistance to follow the trend. Also the rsi indicator
Basically this is how I set up my chart by month,week,day,and minute . Using support and resistance intensely.
Just my own analysis . Not a professional. I like to find support and resistant trends throughout each timeframe.