Additional info, from a daily perspective
Hello beautiful person!
Just wanted to add to my previous post: https://www.tradingview.com/chart/BTCEUR/tRDTgoSL-Quick-Market-Analysis-from-a-non-financial-advisor/
I think you would find it interesting, so please have a read.
Here is my additional chart I would like to share:
The triangle is drawn on the daily chart and to highlight the overall trend of BTC market. The data or rule behind those lines is that they have to be proven several times before they are legit, especially the lower trend line.
So what does it mean?
Well, if the trend line tells me anything; it is that we can see a fall all the way back to 6080 EURO on BTC where the lower support line is, which leaves us at the bottom of the triangle. This is the "worst" case scenario.
Most likely, I believe is that we hit 7500 EURO and then rise towards the upper triangle line and then a correction downwards again. (unless a huge news hit our way and yields more momentum in the price).
Just wanted to pop in and give you these thoughts and charts.
Have a great weekend and may lady luck be with you all!
Just wanted to add to my previous post: https://www.tradingview.com/chart/BTCEUR/tRDTgoSL-Quick-Market-Analysis-from-a-non-financial-advisor/
I think you would find it interesting, so please have a read.
Here is my additional chart I would like to share:
The triangle is drawn on the daily chart and to highlight the overall trend of BTC market. The data or rule behind those lines is that they have to be proven several times before they are legit, especially the lower trend line.
So what does it mean?
Well, if the trend line tells me anything; it is that we can see a fall all the way back to 6080 EURO on BTC where the lower support line is, which leaves us at the bottom of the triangle. This is the "worst" case scenario.
Most likely, I believe is that we hit 7500 EURO and then rise towards the upper triangle line and then a correction downwards again. (unless a huge news hit our way and yields more momentum in the price).
Just wanted to pop in and give you these thoughts and charts.
Have a great weekend and may lady luck be with you all!
Happy hunting and stay safe!
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