BTC scary? Nah... The profitable 18% pricing swing.
Even given its odd volatility of late, BTC's performance has remained squarely inside its technical ranges.If you've ever doubted the power of trend lines and technical analysis, here's proof it works. More importantly, every one of you can do this kind of analysis yourselves.
Adding perspective, here's the one day view of my analysis from a week or two ago (with nothing changed from the original post):
You can't see the downside/short percentages I gave becasue of the switch in timeframe, but if you look back at my earlier BTC posts, you'll see this was a 15-18% spread anyone could have profited from.As of the time of this post, you can see that BTC tagged and bounced from 18,800 for a quick 2% profit so far. Even if I need to TP here, that's 2% I didn't have before.
Not all of my entry and TP boxes are drawn in on this chart, but you can easily guess where I TP'd, re-entered, TP'd again, and so on.
So... Draw lines! They'll make you happy! :-)
Then again, everyone knows taters are as dumb as the dirt they grown in; so you'd be wise not to take their financial advice. :-)
