Hey Everyone! Rookie Trader here; Thought i'd share some of the ideas i've noticed recently with BTC/USDT.
On the image below, I roughly drew numerous, what i'd think to be, reasonable TL's. Also incorporating a few horizontal rays as well, with the fib-retrace tool for confirmation purposes.
judging from past levels, and past retests on the...
Now, obviously we can see a major consolidation happening toward the upside; perceptually on the 4hr TF.
- Looking at the Upper-Orange TrendLine, i've identified a few touches and drew a parallel line corresponding with the lowest price for the candlestick ,respectively.
- Tighter consolidation became more apparent leading me to identify the 2 aqua-blue...
