Small analysis, bias confirmation for bull market chart & trendanalysis
1 step before because hindsight is 20/20
הערה
⋅
Important to note is that this idea will still be valid even if we go sub 9k, however i think that 7k will be the lowest (if we go that deep)
הערה
⋅
Brush tool: Small IHS=Purple, this will act as the "head" for the orange IHS below Orange=Large IHS
הערה
⋅
הערה
⋅
הערה
⋅
I'm a Wizard.. maybe :)
הערה
⋅
ok so my perception is still the same, we can see that the right shoulder is significantly stronger than the left one, which leads me to believe that another surge is bound to happen, right now there's a bit of consolidation going on.
We are on route.
הערה
⋅
Price formed H&S pattern, but BTC can rebound from 10k level and resume the uptrend
הערה
⋅
10k reached, if this breaks down this analysis is invalidated. Bounced for now though.
@Bullandbeartrading, Thank you :-) Looks to be playing out as i thought. Now we just need not to go below 9.5-9.6 level and i think there is a high chance we will see some movement according to this chart