BTC | Feb 2025
Black = Yearly timeframe candle, levels, trends
Pink = Monthly timeframe candle, levels, trends
Grey = Weekly timeframe
Red = Daily timeframe
Orange = 4hr
yellow = 1hr
blue = 15min
green = 5min
not all timeframe candles, levels, trends, marked or shown. methodical top down analysis.
BS = Backside level.
expectation = strong price reaction. i.e candle should start to reach / "wick" down to Backside levels. If that expectation is not met, then, price is targeting lower in the range to the Frontside (FS) candle. If price is below a BS level or FS level, it will act as resistance until price can get above the level.
FS = Frontside candle
expectation = hold price until reversal, trend break. "consolidation", "soups", "sharp turns" whatever you want to call it, expect that here. Classic trend breaks happen if price can be supported by a frontside level. If price is closing below this level, then, look for Inverse levels to start forming and reversing the move. the range is failing. dropping off a cliff scenarios happen when Frontside levels fail.
Inv. BS = Inverse backside.
expectation = same as Backside level but resistance for price.
Inv.FS = Inverse Frontside.
expectation = same as frontside level but resistance for price.
Pink = Monthly timeframe candle, levels, trends
Grey = Weekly timeframe
Red = Daily timeframe
Orange = 4hr
yellow = 1hr
blue = 15min
green = 5min
not all timeframe candles, levels, trends, marked or shown. methodical top down analysis.
BS = Backside level.
expectation = strong price reaction. i.e candle should start to reach / "wick" down to Backside levels. If that expectation is not met, then, price is targeting lower in the range to the Frontside (FS) candle. If price is below a BS level or FS level, it will act as resistance until price can get above the level.
FS = Frontside candle
expectation = hold price until reversal, trend break. "consolidation", "soups", "sharp turns" whatever you want to call it, expect that here. Classic trend breaks happen if price can be supported by a frontside level. If price is closing below this level, then, look for Inverse levels to start forming and reversing the move. the range is failing. dropping off a cliff scenarios happen when Frontside levels fail.
Inv. BS = Inverse backside.
expectation = same as Backside level but resistance for price.
Inv.FS = Inverse Frontside.
expectation = same as frontside level but resistance for price.
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.
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.