DEADLY Accurate levels from Monthly log. Spider Lines
Updated
This chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point on the top of nearest ATH at the time. By rinsing and repeating this process through the whole duration of BTC's lows and few ATH candles, this chart was born. You can clearly see that price action reacts very strongly to these levels. You could solely rely on this chart, but it would be best to pair with other TA in my opinion. I have not tested this with other cryptos just yet but I plan to in the near future.
Note
Once we break up to where I have yellow and red spider lines all stacked on top of eachother, we're gonna see price 'stick' in those levels. From a very small sample size I came to this hypothesis, just something to watch out for.
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