BTC pattern and position tracking

This chart is an attempt to track where BTC is located on its current oscillation. This means BTC always oscillates up and down and this letters and numbers MARK at which position of the ARC the price is located. This follows the Wyckoff formation but I used only letters and numbers to reduce text bloating on screen.

VIOLET NUMBERS resistance peaks with A, B and C being the highest prices
BLUE NUMBERS support dips with 4, 5, 6 and 7 being the lowest prices

These represent the ordered evolution or advancement of the pattern formation.

The aprox date is for the "7" mark.

I was tracking this chart for some time until I could confirm the last "E" mark before publishing.

MAGENTA CHANNEL
The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.

Just sharing my personal charts for learning purposes only. This is not an investment recommendation.

Komentarz:

For some reason the last "A" mark got displaced. Anyway marks shouldn't be used as strict position locations. It may probably be located around mid Feb