Yellow rectangles indicate the previous range above $4,000 and the current range above $4,000.
I only care about the red rectangles. These indicate the "battlegrounds" back to $4,000 after previous rejection. They start at local lows, and end where $4,000 was rebroken (yellow rectangles).
The previous climb back up to a $4,000 test took 3 days, 12 hours (84H) from its local low. Our most recent breakthrough of $4,000 only took 1 day, 16 hours (40H).
It effectively took us less than half of the time to retest $4,000, with the climb being almost exactly 2x as large ($67.32 vs $136.41).
This indicates two things:
1.) Bears are less ready to sell off coins below $4,000.
2.) Bulls are more readily jumping on the bullish train once support has been found.
I only care about the red rectangles. These indicate the "battlegrounds" back to $4,000 after previous rejection. They start at local lows, and end where $4,000 was rebroken (yellow rectangles).
The previous climb back up to a $4,000 test took 3 days, 12 hours (84H) from its local low. Our most recent breakthrough of $4,000 only took 1 day, 16 hours (40H).
It effectively took us less than half of the time to retest $4,000, with the climb being almost exactly 2x as large ($67.32 vs $136.41).
This indicates two things:
1.) Bears are less ready to sell off coins below $4,000.
2.) Bulls are more readily jumping on the bullish train once support has been found.
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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.