I've had this drawn since November when we spiked perfectly off the launch pad (drawn in gold ). This chart was drawn off my other BTC chart recently published:
When I drew this I marked a macro corrective wave and macro bullish wave scenario, with the idea that one of these two patterns will defend against the other. I'm not big on EW's but so far it's been following the bullish wave nicely.
I also wanted to define a geometric zone that might work as a launchpad, acting as a very strong zone of support. This golden area was drawn using simple trendlines and supports. Plus, I like triangles. In construction, triangulation will brace your structure nicely. So much that I just can't resist publishing it any longer.
Based on this chart I still have a bullish bias, and will update accordingly. View my other charts for more pings.
When I drew this I marked a macro corrective wave and macro bullish wave scenario, with the idea that one of these two patterns will defend against the other. I'm not big on EW's but so far it's been following the bullish wave nicely.
I also wanted to define a geometric zone that might work as a launchpad, acting as a very strong zone of support. This golden area was drawn using simple trendlines and supports. Plus, I like triangles. In construction, triangulation will brace your structure nicely. So much that I just can't resist publishing it any longer.
Based on this chart I still have a bullish bias, and will update accordingly. View my other charts for more pings.
Comment:
This one is a beauty
