Bitcoin and an important pattern

Zaktualizowano

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

Uwaga

Uwaga

current week range posted before the start of the week

perfectly followed ?

Uwaga

posted on April 7

30237?

Uwaga

possible day range

Uwaga

this one also needs some consideration

Uwaga

monthly opening above the range could acts as support

Uwaga

green and yellow valid for today only

Uwaga

EOD?

Uwaga

new week

Uwaga

same position

Uwaga

never give any direction, just give the range on the basis of patterns, it always helps me in day trading to be unbiased

Uwaga

also keep in mind weekly range

Uwaga

its zoom in with re partition keep original one for the day in mind, we already know the behavior of the bitcoin especially after prolonged consolidation

Uwaga

12 M and a fight

Uwaga

next month and 1st week normal range within the constraint of 12M and 3M price line, extended range will be provided if necessary

Uwaga

closing monthly,weekly and daily analysis,

Uwaga

might not be able to provide further 4 hr's update for next 8 hrs

Uwaga

in above graphic there is an inside candle bar, once new 4 hr candles opened below it , there is not looking back

Uwaga

still working, good resistance level purple and red lines

Uwaga

3M chart is still active

Uwaga

omvats1

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