Bitcoin continues bullish rise. I've added a new indicator bars_in_a_row, to the chart that counts consecutive bars (you can get it from the public indicators). We are hitting the limit of bitcoin consecutive days so having a down day does not stop the bull move.
In the first part of the video, I called the confluence with the trendline and the fib level the .38 fib level but it is really the .23 fib level. In any case, as I mentioned last week, we will follow price up through the fib ladder and now price is ranging between the .38 and the .23 fibs. You can use the faster time frames to see where this pullback may end and give you a possible price point to enter long if you'd like.
I then show how this chart setup works great on any instrument you'd like to trade.
If you enjoy this video, please like and share.
(this is not investment advise)
In the first part of the video, I called the confluence with the trendline and the fib level the .38 fib level but it is really the .23 fib level. In any case, as I mentioned last week, we will follow price up through the fib ladder and now price is ranging between the .38 and the .23 fibs. You can use the faster time frames to see where this pullback may end and give you a possible price point to enter long if you'd like.
I then show how this chart setup works great on any instrument you'd like to trade.
If you enjoy this video, please like and share.
(this is not investment advise)
