BTCUSD - go long?

[uNickTrader]

Will Bitcoin go long?
What are your thougts?

https://www.tradingview.com/chart/BTCUSD/gOZceP0x-BTCUSD-BITCOIN-BUY/

 

[SunTrader]

IMO weekly chart shows a mixed picture. Broke out of downtrending LinReg channel but trapped within long term resistance and short term support at top of BBand:-

 

[TradeTune]

If you have any chart reading skills, this looks still bearish and the setup doesn't make it bullish even if we break the mini red resistance line

 

[taojaxx]

Completed a Golden Cross 50/200 -i.e. Go Long-but broke below 50DMA so staying on sidelines.

 

[SunTrader]

If you have any chart reading skills, this looks still bearish and the setup doesn't make it bullish even if we break the mini red resistance line

Let us know once you get some chart reading skills.

Like seeing HH's and HL's possibility taking out a higher swing pivot - need more days to determine that. Taking out (again if it happens) multi-week (26+ weeks) resistance.

Even so I'll stick with mixed picture atm and watch prices - not opinions.

 

[s256]

Will Bitcoin go long?
What are your thougts?

https://www.tradingview.com/chart/BTCUSD/gOZceP0x-BTCUSD-BITCOIN-BUY/

The 23.160 USD level is a price target for me too, but I'm not sure *how* we will reach it. I'm honestly looking for a new local low at 22.000 first, and then retest the 22.740 (and maybe break straight through it).

At the moment I don't have a long running; I will decide on that when we made a new interesting move.

 

[schizo]

IMO weekly chart shows a mixed picture. Broke out of downtrending LinReg channel but trapped within long term resistance and short term support at top of BBand:-
View attachment 307884

Man, do you draw those lines haphazardly or what? Aren't lines supposed to be drawn after connecting 2 dots?

 

[schizo]

Will Bitcoin go long?
What are your thougts?

https://www.tradingview.com/chart/BTCUSD/gOZceP0x-BTCUSD-BITCOIN-BUY/

I would wait until we go down to 21,500. We could even retrace to 20,000.

 

[SunTrader]

Man, do you draw those lines haphazardly or what? Aren't lines supposed to be drawn after connecting 2 dots?

The LinReg channel lines I presume you are referring to?

They are drawn from two points - the correct ones, each of their respective "seed waves" - google it, might be something somewhere. Sorry if you can't figure which points those are.

Note I could have easily ... ahem .... adjusted channels to fit data better. Adjusted as in curve fit. No need for that for my needs and I damn sure am not going to change things to make others like what I post better.

 

[schizo]

The LinReg channel lines I presume you are referring to?

Oh sorry, I thought it was a plain ol' channel.

Note I could have easily ... ahem .... adjusted channels to fit data better. Adjusted as in curve fit.

Not sure I follow. How the heck can you curve fit channel lines? Either price breaks out of the lines or it doesn't.