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Sunday Update Week of June 24th – The Bitcoin Craze is Back

In this weekend’s analysis, we take a look at SPY and Bitcoin and how the “Raindrops” are looking into next week. To learn more about Raindrop charts and the platform in general, make sure to check out all of our User Guides.

Weekend Analysis: SPY and BTCUSD

 

SPY: Daily vs. Weekly Chart


Bitcoin: 2-Hour vs. Weekly Chart


Bitcoin: The Power of Sensitivity Alerts

In this weekends “Before and After”, we take a look at Bitcoin breaking through wedge resistance and testing the previous support area above with an alert being triggered. Make sure to check out how to create your own sensitivity alert around any trendline, Fibonacci level, or upper indicators such as moving averages and Bollinger bands here!

Before

After


Related Blog Posts

  1. Alerts – Add alerts to your trendlines and indicators with sensitivity.
  2. Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
  3. Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  4. Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
  5. Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
  6. Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!

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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.