travislester37

BTCUSD: Pick your trend line + Monthly Pivots

COINBASE:BTCUSD   Bitcoin
First time analysis = slapping some lines down and seeing what sticks. Added fib pivots on a monthly timeframe for some reference. Overall the forecast for BTC appears to be optimistic to me. This consolidation is very close to coming to a head and it seems as though the Bakkt launch is going to line up perfectly to be the catalyst for the next big move. Uptrend into a triangle historically seems to be a good indicator (at least in some shorter timeframes), not to mention on the long term we appear to be on the verge of completing a bull flag. Just getting into this whole chart analysis thing so any feedback is appreciated. Not familiar with very many indicators yet, but working on it. I figured someone with less experience analyzing charts would be able to offer a unique perspective with less potential for bias.

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