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BITCOIN -BTCUSD - Builds another 11-day rally pattern
From my last post in BTCUSD where I highlighted an 11-day rally pattern, the time expired and during that rally a NEW 11-day rally pattern emerged.
At the end of today, May 11, 2015, yet another 11-day pattern will form but will only trigger once another daily range is entirely above current levels. Don't count that until it confirms, but just making you aware of it ahead of time.
The red-arrows are from my last chart, and I just left them exactly where they were.
You can see how volume is at the 234.44 level and marks the "continental divide" where the market is BULLISH if above this level or BEARISH if below.
Stay tuned - ask questions:
Tim
Monday, May 11, 2015 10:58AM EST
At the end of today, May 11, 2015, yet another 11-day pattern will form but will only trigger once another daily range is entirely above current levels. Don't count that until it confirms, but just making you aware of it ahead of time.
The red-arrows are from my last chart, and I just left them exactly where they were.
You can see how volume is at the 234.44 level and marks the "continental divide" where the market is BULLISH if above this level or BEARISH if below.
Stay tuned - ask questions:
Tim
Monday, May 11, 2015 10:58AM EST
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