Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Update of this post :
The price didn't bounced off the 7k resistance.
I took the period of high volume, determined the min and max moving average of the price, and it highlights some resistance we can find.
Taking that into account, it makes me more bullish for what will come next.
(following chart is still in )
It seems hard to follow the initial uptrend.
No reason to be bearish yet though. As shown on the following figure, the moving average trend is still going up and we just broke the value trend by a tiny bit.
If I zoom to a very close range, we can see that we tend to go back in the initial value based trend, no bounce on the bedrock needed.
The price didn't bounced off the 7k resistance.
I took the period of high volume, determined the min and max moving average of the price, and it highlights some resistance we can find.
Taking that into account, it makes me more bullish for what will come next.
(following chart is still in )
It seems hard to follow the initial uptrend.
No reason to be bearish yet though. As shown on the following figure, the moving average trend is still going up and we just broke the value trend by a tiny bit.
If I zoom to a very close range, we can see that we tend to go back in the initial value based trend, no bounce on the bedrock needed.