Geometric analysis
This type of analysis is a bit gestural. The math is in the geometry.
Pitchfork/channel analysis is about spotting trends and measuring trend changes as the chart evolves.
Identifying support and resistance will also give good indications of where there will be turbulence and direction change in the market.
Bitcoin is in an upward trend. I would view jumping back into the older blue band as an over-extension of the market and leaving the new yellow band in either direction would signal a change in trend and attention in the market needed.
Pitchfork/channel analysis is about spotting trends and measuring trend changes as the chart evolves.
Identifying support and resistance will also give good indications of where there will be turbulence and direction change in the market.
Bitcoin is in an upward trend. I would view jumping back into the older blue band as an over-extension of the market and leaving the new yellow band in either direction would signal a change in trend and attention in the market needed.
Note
Check the -related Ideas- "Pi Cycle Top" to see how my last 
BTC chart played outNote
Note
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.