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Date Posted: 10:00:29 06/25/19 Tue
Author: Philbond007
Subject: BTC(Coinbase data): weekly candle chart

On 6/21, I posted a 4hr chart w/a CURVE, here's what the same curve looks like on the weekly, so what's the point? By now, everyone's aware when bitcoin corrects, it's usually fast & hard, so I'm thinking this curve is a decent way to keep an eye on when a "fast & furious" correction might start. Put another way, a candle that violates that curve to the downside, regardless of whether it's a weekly candle, might be the start of a violent downside correction.

Resistance levels shown below using "coinbase" data may differ slightly than Bitmex's XBT. I'm seeing $12,750 as fairly HUGE resistance, should the price make it that high, & it's obvious the price also needs to hold ABOVE the $10,550 on a MONTHLY closing basis.

Let's see what happens:



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