This charts is an attempt to track where BTC is located on its current oscillation. This means BTC always oscillates up and down and this letters and numbers MARK at which position of the ARC the price is located.
Numbers and letters represent the evolution or advancement of a pattern formation.
VIOLET NUMBERS resistance peaks with A, B and C being the highest prices
BLUE NUMBERS support peaks with 4, 5, 6 and 7 being the lowest prices
MAGENTA CHANNEL
The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Numbers and letters represent the evolution or advancement of a pattern formation.
VIOLET NUMBERS resistance peaks with A, B and C being the highest prices
BLUE NUMBERS support peaks with 4, 5, 6 and 7 being the lowest prices
MAGENTA CHANNEL
The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
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
