Do you know anyone who traded someone else's so called magic method and made money ?
Be careful and learn to do your own analysis as well as calculate your REWARD/RISK and the appropriate position size.
Here is the weekly bitcoin chart with lots of short term swings and roundabouts.
Can you see a trend ? There is one and that is FLAT/CONGESTED. Moving average also tells us that.
Which way will it go next ? If it fails at current levels look down to its March low if it breaks out to the upside look at it's June 2019 high.
This Analysis is for EDUCATIONAL PURPOSES ONLY.