Running short term trend matrix. Bigger trends still lurking.
Updated
Looking at an over-analyzed chart can hurt your eyes; however when you spend +30 seconds looking at how the structure of price forms around each long term and short term trend you begin to see the art work that's been painted for you to follow as BTC trends along. Blue Circles are price action points where major trends will interact with price. The location of the Blue Circles is not important, just that when price interacts with the major trend line that's charted, we'll have a clearer picture of what happens next. It's a trend by trend process. Nobody really knows how the world will trade. We can sure read it though in charts to make high probability decisions.
BTC Price is being shuffled through a matrices of short term trends. Looks like more sideways for the long term, In the short term we are facing more upside. The risk here is if we break more down side trend lines we may see a quick slide downward. My red line is a high probability pattern based on past trends and action.
BTC Price is being shuffled through a matrices of short term trends. Looks like more sideways for the long term, In the short term we are facing more upside. The risk here is if we break more down side trend lines we may see a quick slide downward. My red line is a high probability pattern based on past trends and action.
Note
BTC made a more aggressive move to the upside than anticipated. I gave it a few more days to make contact with the upper channel resistance (Red small dot channel line). We may make contact sooner.
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