#Bitcoin did not touch my trend line but move is timely
Updating all my charts.
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Can't ignore this move. Something definitely creating some excitement at last. Did some more research on my turquoise shaded zones (light blue) ideas other chart posting - see previous postings for understandings and both on daily and weekly was calculating a more accurate figure of buy zone between $7,159 and $6,867. If it works out I'll post how I worked these figures out.
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Day has not ended so don't know yet how day bar will end. Could it reverse ?
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That white diagonal should be to the high of 21st May and not 22nd May. Hard to see what I'm doing on my charts sometimes. Also had to use some judgement over which two lows to join up, but may would not have made much difference to the angle of the diagonal to the high anyway (but haven't checked it).
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Daily Stoch RSI based on past morphology suggests bottom may have been hit, but need confirmation like end of day, and to see some form of retest - need more time. I haven't done enough research to speculate on anything more on the day chart at this stage.