omvats1

Bitcoin and price ranges for the month , week, and day

omvats1 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS

price is at the combination of quarterly candles high and low (dark blue) could act's as a resistance for the month ,also at my weekly high range (light blue) , could act's as a resistance for the week, price opened above my monthly pattern high range (white line) so, it acted as a support for the month, my normal day range is higher than these ranges but price is near a monthly closing so possibly higher range prevail
when price reaches my levels just become cautious, and look for the price action, as there are many levels, there is always a possibility that price break it or take R or S
previous day price breaks my day level and got rejected at extended day levels , graphic in the comment section, price almost followed my weekly levels posted earlier graphic in the comment section
Comment:
weekly range graphic showing this week normal and extended range ,vertical line showing normal range
Comment:
previous day range normal green lines, extended light yellow, price broken the normal day range, after being in the range for hours and got rejected at extended range yellow line
Comment:
price spend almost 9 hrs with in the narrow range
Comment:
quarterly resistance levels and the trend line acting as a resistance
Comment:
Comment:
Comment:
a triangle
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
a fight at 12 M level
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
next month and 1st week range within the constraint of 12M and 3M price lines
Comment:
Comment:
Comment:
Comment:
Comment:
price perfectly got rejected from weekly level and took support at the daily level
Comment:
now closing this analysis, close of weekly candle
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
might not be able to provide further 4 hr updates for next 8 hrs
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
closing this idea/analysis, thanks
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.