Publishing herewith my idea about bitcoin using monthly time frame
trained myself to be unbiased ,so, never gives any direction, follow the price within the constraint of pattern range
price is at an important monthly level
purple shade is showing a zone in which price consolidated for almost 8 months before the start of a bull run
red zone is a resistance zone
3 possibilities
1. range will act as a resistance
2. price break it
3. price consolidate here
trained myself to be unbiased ,so, never gives any direction, follow the price within the constraint of pattern range
price is at an important monthly level
purple shade is showing a zone in which price consolidated for almost 8 months before the start of a bull run
red zone is a resistance zone
3 possibilities
1. range will act as a resistance
2. price break it
3. price consolidate here
Note
monthly opening above the range could acts as supportNote
green and yellow valid for today onlyNote
never give any direction, just give the range on the basis of patterns, it always helps me in day trading to be unbiasedNote
closing monthly,weekly and daily analysis,Note
in above graphic there is an inside candle bar, once new 4 hr candles opened below it , there is not looking backNote
still working, good resistance level purple and red linesDisclaimer
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.