Trading view has a sick feature called BARS PATTERN ( Located in the window where you select long and short positions)
KEEPING IT SIMPLE SO A 10 YEAR OLD CAN UNDERSTAND
Using bar pattern from April 14, 2021 to July 15th, 2021 Bitcoin had its 48% correction. I simply copied the chart pattern from that time period and put in place of price today and came up with this cool pattern that fits almost perfectly with previous history. Will This play out my trading friends!
Key Levels DAILY TF (Switching it up from 12 HR lol!)
Major Support - $30,000 and $42,000
Resistance and All Time High - $68,700
We need to hold $42,000 to see this pattern play out and a continuation up!
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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.