Bitcoin - A Good Break Higher?
The other day on Twitter someone asked John Bollinger about his opinion on BTC and his response was to post the following link: https://robertbrain.com/BullChartsUserGroup/presentations/201604_Kaz_Wyckoff_Anatomy+of+a+Trading+Range.pdf
I recommend taking a look at it if you haven’t already seen it, and if you’re new to technical analysis, and you’re involved or thinking about getting involved in BTC, I highly recommend it – it is, after all, the study of supply and demand, and the battle that lies therein, that TA is chiefly concerned with.
In a later pair of tweets, Bollinger said that he sees the middle Bollinger Band as an equivalent of a dynamic creek (or ice, as the case may be), “a dynamic balance point in a trading range”.
a real-time case study using the one and the same,
today’s Bitcoin chart:
Have fun learning, and, please, by all means, feel free to post your questions!
Tnx.
You're most welcome. 🙂
how it work !!
It comes highly recommended, and works on all time frames ("works" does not mean "predict" - this is a probability game - rather it means that it is a great analytical help). Check it out on the 15 minute chart right now!
It's another tool in the proverbial toolbox, perhaps one of the most important, and correct understanding and interpretation can up the odds in your favor. Well worth the time spent to study in depth.
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Nice post. From me upvote.
Thanks. Glad you liked it.