Video explains it in very simple terms... I do not care which way it goes but the levels are clearly defined and loss of one will trigger the next level with absolute certainty for me.
NOTE: Horizontal lines are how I trade and mark my charts.. I do not usually use diagonal lines but in this case I will use breaking the white line as my direction bias.
Outside the chart... Biden and Powell are having close door chats on how to get him reelected with some positive spin on inflation during mid-terms and clearly the Bond and Equity markets are reacting to positive sentiment so Bitcoin might just ride those coat tales.
That said, Bitcoin is bouncing in a historic low R/R area looking back at log chart patterns and holding monthly 30k as support...
NOTE: Horizontal lines are how I trade and mark my charts.. I do not usually use diagonal lines but in this case I will use breaking the white line as my direction bias.
Outside the chart... Biden and Powell are having close door chats on how to get him reelected with some positive spin on inflation during mid-terms and clearly the Bond and Equity markets are reacting to positive sentiment so Bitcoin might just ride those coat tales.
That said, Bitcoin is bouncing in a historic low R/R area looking back at log chart patterns and holding monthly 30k as support...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.