OrriginalCrypto on Nostr: Bitcoin Jeiken Ashi Daily chart This is also now showing PA breaking above long term ...
Bitcoin Jeiken Ashi Daily chart
This is also now showing PA breaking above long term resistance. HOWEVER as the zoomed chart shows ( also daily) it is only todays candle that pokes over that line.
HEIKEN ASHI is unique in how it forms its candles, based on the previous candle, a new candle will start in the centre of the previous one.
As it stands right now, the next candle will start BELOW that line of resistance. We need a Good push today to make the new one start above.
It is also worth noting that the Bollinger Bands show that should PA get rejected, the lower band is around 63K. The Basis ( orange Dots ) is on the rising trend line at around 67400 and has offered Support previously
A pull back at some point in the next few days is likely and would be healthy though not absolutly required yet.
This is also now showing PA breaking above long term resistance. HOWEVER as the zoomed chart shows ( also daily) it is only todays candle that pokes over that line.
HEIKEN ASHI is unique in how it forms its candles, based on the previous candle, a new candle will start in the centre of the previous one.
As it stands right now, the next candle will start BELOW that line of resistance. We need a Good push today to make the new one start above.
It is also worth noting that the Bollinger Bands show that should PA get rejected, the lower band is around 63K. The Basis ( orange Dots ) is on the rising trend line at around 67400 and has offered Support previously
A pull back at some point in the next few days is likely and would be healthy though not absolutly required yet.