Next Bitcoin high & drop
For my first (ever) idea I draw dotted lines from the previous tops. As some thought the last top was a bit early, I estimated a next drop to come early again. (Light gray vs red dots to give the dark dotted line).
I used the ribbon (4h) with the RSI to consider this reversal. Checking the last time price got through the ribbon (green ray), I draw the last uptrend (purple line) which is surely my weakest point... Then cloned to estimate the next move.
I'm considering the next top being between the red dotted line and the dark gray one. I expect the RSI to confirm by a divergence as seen on the 2 lastest reversals.
I'm currently looking at those indicators:
-RSI
-Ribbon
-Bollinger
-Supertrend
-TD sequential
If anyone has other indicators to advise it would be very apreciated. I'm really just starting so be gentle in your comments, my idea may be totally idiotic who knows ^^
I used the ribbon (4h) with the RSI to consider this reversal. Checking the last time price got through the ribbon (green ray), I draw the last uptrend (purple line) which is surely my weakest point... Then cloned to estimate the next move.
I'm considering the next top being between the red dotted line and the dark gray one. I expect the RSI to confirm by a divergence as seen on the 2 lastest reversals.
I'm currently looking at those indicators:
-RSI
-Ribbon
-Bollinger
-Supertrend
-TD sequential
If anyone has other indicators to advise it would be very apreciated. I'm really just starting so be gentle in your comments, my idea may be totally idiotic who knows ^^
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