Bonfire built alignment for levels and data

See original here. I had to use use the browser zoom to capture more.

I would say that most of the lines and trends you see are showing extremely bullish trends. With that said, a large portion of these lines are to find common intersections and tangents with a main goal in mind to find possible major tests should BTC climb past the ATH. Often I square the price and time with Bonfire (indicator) and then begin seeking symmetry and alignments for future coordinates. These may look like trends pointing to targets but in reality they also hold very natural data coordinates for making predictive trends in the future.

I would say the very aggressive trends upward look improbable and easy for the price to fail but I've actually captured massive pumps this way before. The reason for this is due to the fact that the price has pointed, curved, rejected or followed these trends many times in the past.

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This chart is all about alignment towards the next major levels past the ATH along with locking in some data points that I will likely use later on. More than likely I will now move up to a 8 to 12 hour interval and use some of this data to build a more long term chart with trends to follow toward these levels.


Focus on the levels and if you would like to use the "make it mine" option for your own chart, use the intersections and tangents for Gann, geometry and Fib drawing tools.