Aktualisiert

Bitcoin and an important pattern

Publishing herewith my idea about bitcoin using monthly time frame
trained myself to be unbiased ,so, never gives any direction, follow the price within the constraint of pattern range
price is at an important monthly level
purple shade is showing a zone in which price consolidated for almost 8 months before the start of a bull run
red zone is a resistance zone

3 possibilities

1. range will act as a resistance
2. price break it
3. price consolidate here

Anmerkung

Anmerkung

current week range posted before the start of the week

perfectly followed ?

Anmerkung

posted on April 7

30237?

Anmerkung

possible day range

Anmerkung

this one also needs some consideration

Anmerkung

monthly opening above the range could acts as support

Anmerkung

green and yellow valid for today only

Anmerkung

EOD?

Anmerkung

new week

Anmerkung

same position

Anmerkung

never give any direction, just give the range on the basis of patterns, it always helps me in day trading to be unbiased

Anmerkung

also keep in mind weekly range

Anmerkung

its zoom in with re partition keep original one for the day in mind, we already know the behavior of the bitcoin especially after prolonged consolidation

Anmerkung

12 M and a fight

Anmerkung

next month and 1st week normal range within the constraint of 12M and 3M price line, extended range will be provided if necessary

Anmerkung

closing monthly,weekly and daily analysis,

Anmerkung

might not be able to provide further 4 hr's update for next 8 hrs

Anmerkung

in above graphic there is an inside candle bar, once new 4 hr candles opened below it , there is not looking back

Anmerkung

still working, good resistance level purple and red lines

Anmerkung

3M chart is still active

Anmerkung

omvats1

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

omvats1