Rule72

Where is the Momentum?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Money Man would not lie. He is not happy with the volume burned up to get these gains, but what can you do, except trade accordingly? If you are in it, trade to win it. Decision Box 1 moved as we are beyond the previous decision box, but that volume profile … This also brought Decision Box 2 up as of the decision made within this short-term uptrend. Green Target 1 and 2 are the same, but we now have a 3rd box as of the build up of potential.

Red Target 1 is decision turned resistance and 2 are largely the same. 3 is new also because of the build-up.

Conclusion: There is this doubt creeping in because of selling and any sign of weakness could be pounced on by the market. The triangle has become maybe too apparent. Very important to me: Please leave a like if you appreciate the effort, please leave a comment and add your voice and please follow if you think this might lead somewhere that you would like to know about.
Comment: Previous BTC contribution

Comments

The hive seems indecisive between box 1 and 2. The triangle taking too long to breakout is indecisiveness, to my mind.
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Rule72 UnknownUnicorn100937
@UnknownUnicorn100937 yup the more we dither the more decisive the decision once it gets made.
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Please give this a like if you appreciate the effort, please comment to develop it or add your voice and follow if you think this is going somewhere you might like to know about
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