Quick video to cover what i'm seeing take shape on BTC. The last two daily close in my opinion are positive for BTC to rise. I'm not saying we cannot see any further downside, but since price action is getting held at the 200EMA, I believe we'll see a rise in price action over the next couple days.
I hope you find this video informative, but know these are just my opinion on what I'm seeing shape up.
If you like the video like it and leave a comment letting me know what you think.
Great job sid, love your analysis and the charts, do you have a discord?
Crypto_Sid
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@mlathem, Thanks... No I don't have a discord channel. Maybe something I'll think about down the road.
Zakir-Ahmed
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Thanks for vivid explanation..very helpful..for now all i can see is 10.5k is strong resistance and i believe we can see a drop from there to 8.8k levels..then up again for 12k..and how did u got the 200 MA line as it is only for PRO users and i can see u haven't upgraded ur account to pro..thank you..pls reply how u did..
Crypto_Sid
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@ghose12, Thanks for the comment... i could see that happening as well. I'm hoping not, but it's a possibility. When i setup my chart, i deleted everything from the and just added 3 moving averages. Since they limit you to 3 you can't add anything like RSI, etc. Since i don't use those indicators no big deal to me.
if you clear everything on your chart "click the trash can on the left side panel" then click on "pine editor" at the bottom. you can paste in an indicator script to put all your MAs on and then add two other indicators.
Once yo open the pine editor... open a blank indicator... delete everything there.... Then paste the following and save as. It should put the 50, 100, 200 EMAs on your chart as one indicator and allow you to add two other like MACD and RSI if you want.
you can also change the MA #s to whatever you want.