For the past two of my highlighted cycles, as soon as the Triangle point to the right is hit when many people seem to think the trend is down after failing to break out, then it does. In between points #3 & #4. This is off of a trend line from the $300 area. Price may break up to and slightly past the 200MA (Neon Green line) on a 2 HR chart, above the cloud (green points 4 & 5) ,and await further confirmation of a continued trend. (Thick sloping black line)
Points A & B on the RSI seem to be confirming this, with some wiggling at the tops of both points historically.
Note: I am fairly new to BTC trading & TA, these are just my observations.
Points A & B on the RSI seem to be confirming this, with some wiggling at the tops of both points historically.
Note: I am fairly new to BTC trading & TA, these are just my observations.
