Updated

[BTC] Saved by the WHITE Line... Just in the Nick of TIME!

That purple box of support we fell through ended up having quite a bit of gravitational pull (despite not giving any resistance), quickly slinging Price back over, back and forth and now settling right in the comforts of its bussom just above the white trend fractal. Price bounced twice, fell through once, recovered and bounced twice more of this trend just to haul itself back into the comforts of stabilizing gravity.

We have now shifted from downtrend to a gradual uptrend and got a new trend fractal to add to our collection here.

The old downtrend line is still valid, just shorter period of downtrend now.

What a drama we got going on here guys!

Words of Wisdom: Markets are chaotic but they crave stability

Watch the Full Replay Here:

[BTC] Teetering on a Thin Thread... Look Out BELOW!!! 17k Target

Note

We also got a nice rounded bottoming in our indicators just under key reversal points.

Note

Oh yea, got a treat for you, this demonstrates how all these areas predicted price reactivity.

Only Price can decide whether it goes up or down at that tiny point in time of now.

It was forced to make some big decisions after all...

[BTC] Weekly Treasure Hunt: Price Has Some BIG Decisions to Make

ProfitHarvest

Data analyst with a passion for best fit lines B)

Related publications

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.

ProfitHarvest

Data analyst with a passion for best fit lines B)