BTC (Y20.P4.E20).Price Action - WIll Livermore play out
Updated
Hi All,
Lets play a scenario that is likely to happen, which has repeated many times over in the history of BTC > both Macro and on the micro level (H & S).
In this chart above, I have both the Livermore speculative chart along with the Head and Shoulders formation.
I will likely not get the price levels right but I am comfortable with the thought that a similar formations will take place.
Its like triangles, they appear everywhere on BTC.
Note: MR and WR are monthly resistance and weekly resistance.
Either way, its a theory that I will look for alignment to make sense of the future price action.
As for examples of the top formation, look at a few examples below:
LINK PRICE ACTION - Livermore speculative chart.
Please give me a like or tick for this post
Regards,
S.SAri
My BTC dominance chart
Lets play a scenario that is likely to happen, which has repeated many times over in the history of BTC > both Macro and on the micro level (H & S).
In this chart above, I have both the Livermore speculative chart along with the Head and Shoulders formation.
I will likely not get the price levels right but I am comfortable with the thought that a similar formations will take place.
Its like triangles, they appear everywhere on BTC.
Note: MR and WR are monthly resistance and weekly resistance.
Either way, its a theory that I will look for alignment to make sense of the future price action.
As for examples of the top formation, look at a few examples below:
LINK PRICE ACTION - Livermore speculative chart.
Please give me a like or tick for this post
Regards,
S.SAri
My BTC dominance chart
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