Hello TV Community,
I am back with this and more insightful charts coming soon.
This chart was first published back in 2020 (linked below) and this is an update to BTC's trajectory over the past few years.
This chart demonstrates that BTC's price action has been steadily following the mid 50% of my "right" channel (see idea linked below to understand what I mean by "right channel"). The last time BTC's price broke out of the mid 50% range was back in December 2017's high.
The most up to date volume profile indicates that the majority of the trading volume was pre-2017. The MACD indicator is a great example of BTC's highly volatillity since the Dec 2017 high.
If BTC's price breaks into the bottom 25% of the channel, I would expect a touch of the lower end of this channel. If the price bounces off the lower end of the mid 50% of this channel, we can expect higher highs in the not too distant future.
'Til next time.
__________________________________
I let my charts do the talkin'.
I am back with this and more insightful charts coming soon.
This chart was first published back in 2020 (linked below) and this is an update to BTC's trajectory over the past few years.
This chart demonstrates that BTC's price action has been steadily following the mid 50% of my "right" channel (see idea linked below to understand what I mean by "right channel"). The last time BTC's price broke out of the mid 50% range was back in December 2017's high.
The most up to date volume profile indicates that the majority of the trading volume was pre-2017. The MACD indicator is a great example of BTC's highly volatillity since the Dec 2017 high.
If BTC's price breaks into the bottom 25% of the channel, I would expect a touch of the lower end of this channel. If the price bounces off the lower end of the mid 50% of this channel, we can expect higher highs in the not too distant future.
'Til next time.
__________________________________
I let my charts do the talkin'.
📈 Exclusive private charts on Telegram: t.me/purple_crypto
▶ Bitchute: bitchute.com/channel/9HWKbDRnLQRD
🌀 Join
▶ Bitchute: bitchute.com/channel/9HWKbDRnLQRD
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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.
📈 Exclusive private charts on Telegram: t.me/purple_crypto
▶ Bitchute: bitchute.com/channel/9HWKbDRnLQRD
🌀 Join
▶ Bitchute: bitchute.com/channel/9HWKbDRnLQRD
🌀 Join
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.