Continuation on my previous post. Green line is a buying zone. I thought it was going to take several weeks to get there but looks like it night happen much sooner.
Showing support and resistance in a parallel channel as well as other support lines. Weekly and monthly divergences. I really hope that this is not showing for a bear market in the mid/longer turn for next year. Let me know what you think?
Just a different view on the current trend. Showing support and resistance in a parallel channel with previous support being met. Possible H&S pattern if it turns to the upside.
Using a fib extension and the VPVR showing right resistance at the current level.
I'm new to trading and found a possible head and shoulders on the 4h time frame and thinking that it could take the price down to the $45k hitting a main support level if it plays out. Looking for thoughts and feedback. And please excuse the messy chart :)
I'm not an expert and I just got into this a few months ago. I wanted to share this and see what others think. Please let me know your thoughts.