Recap: Price managed to move out of previous analysis’ Decision 1 after pinging Decision 2. It has not reached that Green 1, but Money Man thought it prudent to write this analysis to show the current minor levels of support built within the original “Put it in a Frame” analysis. Especially if the doubt is creeping in. There is now a level price is in before the original Green 1, because of volume saying this is important territory.
Conclusion: Bulls have had a couple of fights with Bears along the way and they would not like to lose those key areas on the chart. Caution is advised as we all know that BTC likes fake outs and on a 15-minute chart it does not take much. So, Money Man is simply illustrating how he is currently following the trade and what he sees as important. Not revolutionary, more preparedness in heightened circumstances. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Bulls have had a couple of fights with Bears along the way and they would not like to lose those key areas on the chart. Caution is advised as we all know that BTC likes fake outs and on a 15-minute chart it does not take much. So, Money Man is simply illustrating how he is currently following the trade and what he sees as important. Not revolutionary, more preparedness in heightened circumstances. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Comment:
Put it in a Frame - Main analysis
