Publishing herewith my idea about bitcoin using monthly time frame
trained myself to be unbiased ,so, never gives any direction, follow the price within the constraint of pattern range
price is at an important monthly level
purple shade is showing a zone in which price consolidated for almost 8 months before the start of a bull run
red zone is a resistance zone
3 possibilities
1. range will act as a resistance
2. price break it
3. price consolidate here
trained myself to be unbiased ,so, never gives any direction, follow the price within the constraint of pattern range
price is at an important monthly level
purple shade is showing a zone in which price consolidated for almost 8 months before the start of a bull run
red zone is a resistance zone
3 possibilities
1. range will act as a resistance
2. price break it
3. price consolidate here
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current week range posted before the start of the week 注释
posted on April 7 注释
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monthly opening above the range could acts as support注释
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green and yellow valid for today only注释
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EOD? 注释
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new week 注释
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never give any direction, just give the range on the basis of patterns, it always helps me in day trading to be unbiased注释
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also keep in mind weekly range 注释
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12 M and a fight 注释
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next month and 1st week normal range within the constraint of 12M and 3M price line, extended range will be provided if necessary注释
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closing monthly,weekly and daily analysis,注释
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in above graphic there is an inside candle bar, once new 4 hr candles opened below it , there is not looking back注释
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still working, good resistance level purple and red lines注释
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