I'm not going to say very much, about this chart simply because this is not the place and anyone that makes even a little effort should be able to understand the story it tell. I know this technique doesn't exist elsewhere and there's not a more accurate, reliable, simpler or visually convincing alternative. We'll know soon enough if the rest of the story follows...
I have an archive of screenshots of this, going back years. After my crypto baptism of fire, using all the money I'd earned from my first international art sale, knowing nothing and choosing leveraged trading for it's potential returns, I initially set out to find the perfect pattern that I thought I sensed when I looked at a financial chart for the first time.....
It's not a simple question and REALLY matters ALL of the time, so, finding a simple answer is a neat tool to have in the snuff-toolbox.. Here's the quickest, easiest down-n-dirry method for getting closer to an answer. If you look at the ranging areas of the chart. The in-between, sideways, messy, wish-it-didn't-exist areas and draw a rough shape tracing the...