BTC The newbie study of it's patterns. Will it honor the past?
Another newbie's attempt to see patterns on BTC charts.
See, all the yellow lines are the same size - of course the drops are a little different from each other, but ok. Nice uh?
The blue lines also, keeps a kind of same size too.
Then, I traced a projection line (also notice how the "after drop" moves up right to the old supports (now resistences) zones.
Again, it's just to study purposes, only to see if it will do it again, nothing more.
See, all the yellow lines are the same size - of course the drops are a little different from each other, but ok. Nice uh?
The blue lines also, keeps a kind of same size too.
Then, I traced a projection line (also notice how the "after drop" moves up right to the old supports (now resistences) zones.
Again, it's just to study purposes, only to see if it will do it again, nothing more.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.