Changing perspective & being SELECTIVE!
Of course changing perspective is a hell of a way to have inspiration and to change your statu quo . As trader/investor, you need to be flexible and capture the moment right away !
Looking at the BTC chart, in inverted scale (which means for those who dosen't know, upside-down) will make us see since March 2014 a buNch of things :
Trend direction :
DOWNTREND globally (Lower lows and lower highs).
We have ranged from Nov 2017 till septembre 2020 coming from a Downtrend.
Since Septembre 20 we have continued our downtrend until Novembre 2021 where we achieved a DOUBLE BOTTOM
(W) price action.
Future directions :
Continuing the Double Bottom pattern which we started it since March 2021as the "text boox says where we will target to the 6K-8K range.
Currently we're going through a Bull flag where we can the zone of 10K to 12K.
A DOUBLE TOP(M) where the target of the second top is from 14Kto 18K.
A HEAD & SHOULDERS / tripple top where the target is the same as the bullish flag (10 to 13K).
The last scenario is a range from 14K to 35K.
Finally, thank you for reading this Idea, don't forget to follow for short & long term trades.
Looking at the BTC chart, in inverted scale (which means for those who dosen't know, upside-down) will make us see since March 2014 a buNch of things :
Trend direction :
DOWNTREND globally (Lower lows and lower highs).
We have ranged from Nov 2017 till septembre 2020 coming from a Downtrend.
Since Septembre 20 we have continued our downtrend until Novembre 2021 where we achieved a DOUBLE BOTTOM
(W) price action.
Future directions :
Continuing the Double Bottom pattern which we started it since March 2021as the "text boox says where we will target to the 6K-8K range.
Currently we're going through a Bull flag where we can the zone of 10K to 12K.
A DOUBLE TOP(M) where the target of the second top is from 14Kto 18K.
A HEAD & SHOULDERS / tripple top where the target is the same as the bullish flag (10 to 13K).
The last scenario is a range from 14K to 35K.
Finally, thank you for reading this Idea, don't forget to follow for short & long term trades.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.