Bitcoin (Advanced Chart with Key CCI Signal Indicator)
Friends, Rarely will I do advanced charting with obscure indicators. However, there is one indicator I will use from time to time to determine trend reversals, and that is the CCi indicator. What we have now is an upward sloping CCI, that is still in the early stages. Two things:
1) if your a Bull you want the CCI indicator to BREAK ABVOE the dotted line. That is our signal line
2) If your a Bear, you want a break of the immediate up trend (highlighted by a red upsloping line)
We are a pivotal area on the chart, and what happen in October will determine how the remainder of the year shakes out. My money is on the Bulls. Only if we lose 37.2K on a WEEKLY close will I change my mind
Have a GREAT week!
1) if your a Bull you want the CCI indicator to BREAK ABVOE the dotted line. That is our signal line
2) If your a Bear, you want a break of the immediate up trend (highlighted by a red upsloping line)
We are a pivotal area on the chart, and what happen in October will determine how the remainder of the year shakes out. My money is on the Bulls. Only if we lose 37.2K on a WEEKLY close will I change my mind
Have a GREAT week!
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