Updated

BTC - Price action interpretion

Small analysis, bias confirmation for bull market
chart & trendanalysis

1 step before because hindsight is 20/20

Note

Important to note is that this idea will still be valid even if we go sub 9k, however i think that 7k will be the lowest (if we go that deep)

Note

Brush tool:
Small IHS=Purple, this will act as the "head" for the orange IHS below
Orange=Large IHS

Note

Note

I'm a Wizard.. maybe :)

Note

ok so my perception is still the same, we can see that the right shoulder is significantly stronger than the left one, which leads me to believe that another surge is bound to happen, right now there's a bit of consolidation going on.

We are on route.

Note

Price formed H&S pattern, but BTC can rebound from 10k level and resume the uptrend

Note

10k reached, if this breaks down this analysis is invalidated. Bounced for now though.

Note

I actually forgot, lol, scrap above. See below.

Decrypt0

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.

Decrypt0