BTC Weekly candle Technical Analysis - currently 70% discount from highssteemCreated with Sketch.

in #bitcoin3 years ago

Hello Steemians,

Here is the weekly close for this weeks 'weekly candles' closing at $6,515 USD

Snap 2018-08-19 at 21.06.51.jpg

As you can see on the chart the weekly basis looks like BTC/USD is in a bearish channel formation.

Invalidation price of the channel would be $7,666 USD

This is not Financial Advice, under your own responsability

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good to have a larger timeframe perspective. It's just been bouncing within the channel. btw how you define the buy zone ? bottom of the channel

btw come join us on @timm - a community for traders/investors to share and discuss
do you have discord ?

Hi @onepercentbetter, thanks for your comments. I look at bubble analysis and demand and supply levels.
Thanks for the invite, ill stop by.
Cheers

Thanks for sharing that, certainly 've followed you.
I try to post useful content too, will be glad to see you among my followers.

Thanks for the comment, sure we can follow. All the best

Hi @turtle-trader, thanks for the clarity in the TA, looks like BTC will have some interesting price action in the weeks ahead.

What do you mean by invalidation price?

Greetings from México,
@Layra

Hi @Layra, thanks for the comment. Invalidation price means when the setup or price theory is invalidated, different price action follows.
Cheers

Hi @turtle-trader, thank for the info! Cheers

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