option 2: hold a 4 hour break level and gain the second bottom red dashed line to set up future support to take prices higher. create an uptrend on the daily if this level is gained
scenario 1. Gaining of both of the only daily inv hold levels, using up the last 1 minute hold level at the bottom, and hardclosing of the only forms of support which will turn them into resistance in the future. Wait a few weeks or so for bleeding to end, a range to be formed on bottom that has an origin that will be resistance acting as support then climb up to...
KEY: white=monthly, purple=weekly, red=daily, yellow=4 hour.
For the macro: want to see a monthly candle close in the green above that bottom dashed level that’s white and .0000032142 to gain them as support in the future
One layer lower to the weekly: mirroring has commence between weekly break to weekly break. Left most arrow got hit to dollar by the 3rd...
The Technical Analysis portrayed in this EDU-Series is referred to as the science of trading. Those who practice this rigorous style of price action theory call it C0tt0nc4ndyTA. (yes, those are zero's instead of O's. which makes it way cooler & less nerdy than saying "The Science of Trading")
The sweetest style of price action is fun to learn and the verbiage...
BITCOIN AND ITS PLAUSIBLE FUTURE IN THE MID TERM;
what has happened so far?
- Bitcoin has been through a heck of a downtrend on the daily time frame since November 2021 after it's ATH.
- We successfully found support at the 33k to 35k range support but specifically at the 33100 mark on January 25,2022. This was a daily hold level with in that range. 35k was a...
