So we all talk about Moving Averages as support for BTC, especially the 21day. Yet, I am struck to find charts out there in the TV Universe - so I've taken it upon myself and made a very clean one. The thing is... When dialed back to the 4hr the 21day chart becomes quite telling, more so (dare I say) than looking for divergence - at least that's my take on it. You decide for yourselves. BTW - I do pay attention to divergence - but it's not the be all and end all. Enjoy!
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BTW - I do pay attention to divergence, it's just not the be all and end all - that's all.
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...could also take the top of the highest wicked green candle and draw the trendline from there. Cheers!
Method. I begun with looking at S/R Levels on the 4hr - left them there - and simply went to the 21day and drew trendlines. That's it. Hope you found this useful. Hit me up with thumbs and drop in a comment (I'm UTC +11) so I wont get to reply until later. Have fun folks!