BTC channel and wyckoff last trench
On MAGENTA you can see a manual curved channel defining the constrains of BTC movement since beginnings of 2021. It suffered minor adjustments and you can check it out on previous charts I published. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement.
Between the yellow dashed lines it is visible a wyckoff formation on a 30º angle.
As this could be the wing of the lower right arm on this formation, it could be the beginning of an horizontal consolidation and the preparation for a very strong bull trend on a close future, even comparable to what happened at the beginning of 2021. This could be the BTC bull run many where waiting for.
Good news for the entire crypto ecosystem if I could confirm this chart with more signals. Hope I have time to publish soon a new USDT.D chart that may confirm the TREND DIRECTION SWITCH.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Between the yellow dashed lines it is visible a wyckoff formation on a 30º angle.
As this could be the wing of the lower right arm on this formation, it could be the beginning of an horizontal consolidation and the preparation for a very strong bull trend on a close future, even comparable to what happened at the beginning of 2021. This could be the BTC bull run many where waiting for.
Good news for the entire crypto ecosystem if I could confirm this chart with more signals. Hope I have time to publish soon a new USDT.D chart that may confirm the TREND DIRECTION SWITCH.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Find some of my resources here:
heroselohim.notion.site/Cryptos-a4564cce70aa45f4b0cbd9823e691f80
heroselohim.notion.site/Cryptos-a4564cce70aa45f4b0cbd9823e691f80
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