Bitcoin Ends the Week on a Positive Note, as Expected
It’s been a week since we first looked at BTX from a geometric perspective, and determined that the long term trend would likely be up for at least the next few months. We ended the week ~ $25 per bitcoin, higher. So far so good.
At this point, I want to look at the chart from a shorter time-frame and begin to get a finer-tuned picture so that we might get a better idea of how we might time our trades. So let’s look at an 8-hour chart. The rise from May to June was relentless, so we can scarcely avoid using a larger than normal setup. In this case, almost 89 bars.
This post was published at Crypto Coins News on 16/10/2016.