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RE: Bitcoin (BTC) Overnight Price Analysis Shows a Wedge Completion and a Fractal Correlation

in #bitcoin7 years ago

grafico 1D.png

Hi, good way to analyze, in my opinion the daily chart all the price are below the famous moving average of 200, that is to say that a change of trend still would not confirm it.

grafico 4h.jpg

In the four-hour chart the price seems to have a small correction, but there was a triple-crossing of moving average, also called the TRIPLE CROSSING OF DEATH

grafico 1H.png

The 1 hour chart, confirms a small price backwards

I would expect to see the price action to determine if the correction turns into a trend change and crosses the average of 200 in the daily chart and thus reaches the important double ceiling that weeks ago could not break up.