The Other Important Bitcoin Chart

The Other Important Bitcoin Chart
BTC/USD COINBASE:BTCUSD
RSibayan

Hey guys,

This is a Line Break chart, you can find this setting on your tool bar on the top section of your Tradingview interface .

If you haven't seen it yet and wish to watch the video of the exact explanation of Alessio Rastani regarding this chart,
pls head out to Youtube and search for his name and you can see his videos including this one he did today, Oct. 3rd. Tell him I sent you.

Essentially, what this chart is showing is that when price goes under the 21EMA, it may re-test it and could eventually fail to rally upward fro it leading to another crash back down.

The crash from the ATH back in December of 2017 brought the price under the 21EMA and the price stayed under the 21EMA for an extended period of time during the bear market.

This might be replicated where price is now at present day.

The important price action to watch is for price to re-test the 21EMA, break through it, must stay above it and rally further upwards.

Otherwise, we’ll be headed for another long crypto winter.



Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.

>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<



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Ron (The Intrepid Trader)