Very bullish HVQ Channel
Updated
I drew weekly horizontal levels on the HVQ (Top indicator) creating a channel that when crossed seems to mark the full bull run. We have rejected from this channel a couple of times resulting in a long term top but we could be entering the channel soon.
HVQ measures Volatility with some other magic I don't understand... the levels seem important and the broadening wedge pattern I drew at the very end to the right could be showing that we have broken out of the broadening wedge and headed into the bullish HVQ channel. I'm watching this closely and will be trying to hodl a long term position on leverage if we get into the channel and trend for a bit.
curious to see how this pans out
Today BTC has broken above the heffae cloud on the 1 Day timeframe which could mean its time for more up.
HVQ measures Volatility with some other magic I don't understand... the levels seem important and the broadening wedge pattern I drew at the very end to the right could be showing that we have broken out of the broadening wedge and headed into the bullish HVQ channel. I'm watching this closely and will be trying to hodl a long term position on leverage if we get into the channel and trend for a bit.
curious to see how this pans out
Today BTC has broken above the heffae cloud on the 1 Day timeframe which could mean its time for more up.
Note
We have reached the bottom of the HVQ channel. At this point if we are to repeat the pattern from the last bull runs we should soon retrace the HVQ back to the top fo the channelNote
Trade closed: target reached
still getting used to posting on trading view. Here is the obligatory target officially reached post. now I'm thinking we retrace ALLL the way back to the top of the channel for max pain. Or maybe just until we touch the middle of the bands
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