The Daily gives me a pretty straight forward picture
So looking at the daily chart for BTC this morning I can see two things. A falling wedge and a symmetrical triangle. The falling wedge shows a continuation of a bearish cycle. A symmetrical triangle means the continuation of a trend. In this case Bearish.
Do your own due diligence on this and stay alert. I have two boxes marked as buy zones for myself.
I am also continuing to watch for possible reversal of the bear, and for me, I need to see a break above my lines in the low 13k range with patterns and indicators to match, before I will feel confident in a bullish change over.
I am not trying to teach or lead anyone with my TA. I am publishing these for my own historical record. I do however enjoy comments and feedback. This Technical analysis is a new journey for me and I am not an expert. I made a commitment to only trade my own charts, so as to accelerate my learning, and if I can suggest anything to you, do the same!
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.