BTCUSD (12h): First idea of a trend line (new chart series)

At the moment we all have only a few facts on which we could base our longer-term TAs. I have therefore tried to draw a possible trend channel roughly and I have tried to derive a trend line. From my point of view, two trend lines are currently quite plausible. If the bulls loses its power and the bears take over, the whole chart is not correct. But according to my TA we are still in a bull market. Because the whole thing is very much in change, I will start a BTC chart series.

Let's see what happens. Happy trading. :-)

הערה:

BTCUSD (1h): 1 hour close up of the current situation ...

www.tradingview.com/x/QKQTieLz/

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BTCUSD (2h): update current situation ...

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BTCUSD (2h): maybe were running into a decision triangle. lets see ...

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BTCUSD (4h): btc breaks the short term resistance ...

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BTCUSD (4h): Update ... next strong resitance at 16800. SHS also possible.

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btcusd (4h): update just on the way up to the resistance.

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btcusd (4h): update - possible short term trendline.

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btcusd (2h): update - short term rising wedge broke.

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BTCUSD (4h): update - near support line within the short term channel.

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הערה:

btcusd (4h): broke short term support. trendline 1 still works.

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btcusd (1h): shs! ... update

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btcusd (4h): btc went the way as predicted. now we see two strong support lines coming from the past. the blue at 1 and the purple at 2. let see which one is the right one. This allows a better identification of the way to continue. for all those who have been waiting with their reentry, it is now time to watch out for the best time.

הערה:

btcusd (2h): btc could not break the short term resistance yesterday. next possible bigger support at 1200.

הערה:

btcusd (1h): lets see, if btc also breaks the strong restitance at 15300.