BITCOIN Weekly line chart
tells a story of 4 discernible patterns and 4 log targets.
1) The inverse head & shoulders to end the bear market
2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart.
3) A small sideways flag
4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves.
As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart.
Another tool in your toolbox.
1) The inverse head & shoulders to end the bear market
2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart.
3) A small sideways flag
4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves.
As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart.
Another tool in your toolbox.
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