Just a possible long idea if it holds the daily support to the left. Some PTs before the one shown on lower time frame
From what I think and see, we have set a new local trend down on BTCUSD. We have failed to make a new high over and over. Also with today's low, we created a new local low on this trend down. I am personally looking to reach the 1.0 on the trend based fib extension at around $8,865. We are currently failing the $10,665 area, but so far holding the $10,300...
Will bitcoin move? Is this the end? Where's the volume? UP or Down?
Just woke up and noticed that with that last local low created while I slept actually created a parallel channel since the 6585 high. Since XBTUSD created a new local low and failed to create a new local high on the 1 hour chart, trend is downward. I am currently looking to ride this parallel channel until it breaks to the upside. If it breaks to the downside,...
Just for fun, but decided to publish since its been holding true for a few hours.
Just for the shits and gigs, but retesting the top of the .382 fib. If XLM breaks this level, arrow will be next target. (.5 level on fib)
So the theory is when BTC fails to break resistance and drops, DGD tends to rise. Just made this chart to show someone in the CryptoWorldNews twitch channel.