Of course changing perspective is a hell of a way to have inspiration and to change your statu quo . As trader/investor, you need to be flexible and capture the moment right away !
Looking at the BTC chart, in inverted scale (which means for those who dosen't know, upside-down) will make us see since March 2014 a buNch of things :
Trend direction :
DOWNTREND globally (Lower lows and lower highs).
We have ranged from Nov 2017 till septembre 2020 coming from a Downtrend.
Since Septembre 20 we have continued our downtrend until Novembre 2021 where we achieved a DOUBLE BOTTOM
(W) price action.
Future directions :
Continuing the Double Bottom pattern which we started it since March 2021as the "text boox says where we will target to the 6K-8K range.
Currently we're going through a Bull flag where we can the zone of 10K to 12K.
A DOUBLE TOP(M) where the target of the second top is from 14Kto 18K.
A HEAD & SHOULDERS / tripple top where the target is the same as the bullish flag (10 to 13K).
The last scenario is a range from 14K to 35K.
Finally, thank you for reading this Idea, don't forget to follow for short & long term trades.
Looking at the BTC chart, in inverted scale (which means for those who dosen't know, upside-down) will make us see since March 2014 a buNch of things :
Trend direction :
DOWNTREND globally (Lower lows and lower highs).
We have ranged from Nov 2017 till septembre 2020 coming from a Downtrend.
Since Septembre 20 we have continued our downtrend until Novembre 2021 where we achieved a DOUBLE BOTTOM
(W) price action.
Future directions :
Continuing the Double Bottom pattern which we started it since March 2021as the "text boox says where we will target to the 6K-8K range.
Currently we're going through a Bull flag where we can the zone of 10K to 12K.
A DOUBLE TOP(M) where the target of the second top is from 14Kto 18K.
A HEAD & SHOULDERS / tripple top where the target is the same as the bullish flag (10 to 13K).
The last scenario is a range from 14K to 35K.