Disclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this.
I would like to give a credit to my mentor @mysticalwalrus for suggesting everyone look at this pattern in one of his recent chart updates. I have done a little bit of research on this pattern and feel the urge to share it with everyone. I am quite surprised how it follow exactly what they have outlined in the textbook. We're now in the Run-phase and expect BTC to first rise back to its previous all-time high. I have been in the crypto space for a few years but I never take technical analysis seriously because I don't think it is crypto is a pre-mature market and so volatile that we can apply an accurate TA. However, since the market has been playing with my emotions quite sometimes, I think I would be more responsible with myself to have proper lessons and plans so that I don't make irrational decisions such as buy at the top, sell at the bottom, chase green candles, etc.
If you would like to learn more about TA, I would suggest checking out @mysticalwalrus, his work is very genuine, and you will learn more than just technical stuff. Good everyone and as always, happy trading!
I would like to give a credit to my mentor @mysticalwalrus for suggesting everyone look at this pattern in one of his recent chart updates. I have done a little bit of research on this pattern and feel the urge to share it with everyone. I am quite surprised how it follow exactly what they have outlined in the textbook. We're now in the Run-phase and expect BTC to first rise back to its previous all-time high. I have been in the crypto space for a few years but I never take technical analysis seriously because I don't think it is crypto is a pre-mature market and so volatile that we can apply an accurate TA. However, since the market has been playing with my emotions quite sometimes, I think I would be more responsible with myself to have proper lessons and plans so that I don't make irrational decisions such as buy at the top, sell at the bottom, chase green candles, etc.
If you would like to learn more about TA, I would suggest checking out @mysticalwalrus, his work is very genuine, and you will learn more than just technical stuff. Good everyone and as always, happy trading!