The wedge on the slow stochastic chart (yellow line) stretches out to June;
BTCUSD
bitcoin can easily embed (stay above 80) until June driving price much higher. (Parabolic).
The solid blue/red/blue line is the daily linear regression. The dashed is the top of the weekly linear regression. Pointed out by a green arrow shows where the two crosses. Historically prices tend to find support where these two conditions meet.
I had originally thought the dashed green line (20week Moving Average) would be support; but
BTCUSD
seems strong enough to use linear regression as support.
I'm building-up leveraged longs on bitcoin mostly through bitcoin miners which are underperforming for reasons that are unreasonable (Mr. Market thinks a miner should be judged by their revenue and not by their HODL; wrong-minded).
BTCUSD
bitcoin can easily embed (stay above 80) until June driving price much higher. (Parabolic). The solid blue/red/blue line is the daily linear regression. The dashed is the top of the weekly linear regression. Pointed out by a green arrow shows where the two crosses. Historically prices tend to find support where these two conditions meet.
I had originally thought the dashed green line (20week Moving Average) would be support; but
BTCUSD
seems strong enough to use linear regression as support. I'm building-up leveraged longs on bitcoin mostly through bitcoin miners which are underperforming for reasons that are unreasonable (Mr. Market thinks a miner should be judged by their revenue and not by their HODL; wrong-minded).