Turn on the logarithmic graph. Invert scale. Imagine this is shitcoin. Global_trend was broken for the second time (Aug 17, 2015 & Mar 9, 2020). Buy or sell? If you see such things on shitcoin, you buy, increasing your position as you approach the orange zone. Forget the inverted chart. Go back to bitcoin. Observe the downtrend (price peaks are falling: 20k > 14k...
Keep your money. For conservative purchases, wait for the daily close, above the orange zone = long. Consolidation 8500-8900 = target 10k+ (est. 10,5-10,8). Long entry on LTF. Zone 8500-7800-local_trend = waiting room. Breake and retest 7800 or local_trend = conservative short. Short now = against the local trend (watch the alligator).