BTC/USD Primary trend. % of secondary trend highs

23 ene 2022

Bitcoin/Dollar. Main trend. Timeframe 1 month.
Note the minimal trading volume of the last few months compared to the past trend highs of 2013 and 2017.

The chart shows how many "X" each secondary trend high has had from the past high.
2013 -100x
2017- 17x
Currently on the decline, the price is 1.6X from the 2017 high

Also note the March 2020 squeeze that broke the uptrend and what happened after that.

BTC/USD Trend Trading. Important area. Potential.

BTC / USD Main trend. Triangle Secondary trend reversal zone.

28 feb 2022

Nota

Time 1 día. Parte de un gran triángulo potencial, en caso de que el crecimiento continúe. Pero, no olvidemos que en el marco temporal semanal vemos un doble techo. El precio salió del secundario de tendencia bajista (rojo), ahora en un patrón lateral. A nivel local, el impulso es ahora de +17%. Posiblemente, si el crecimiento continúa, la tendencia se invertirá. Si se pierde el impulso, es racional buscar un punto de entrada en un retroceso. Limite sus riesgos. Hoy 1 03 2022

9 mar 2022

Nota

A symmetrical triangle with a base of about 30% has formed after the breakdown of the downstream secondary trend (purple). It is quite possible that it will become a reversal pattern of this trend. Level zones on the chart. You can wait for a breakout, but you can also gain part of the position now, but preferably with a stop (not necessarily, depending on your trading strategy), as there is no breakdown yet.

24 mar 2022

Nota

At the moment 24 03 2022 there is a breakdown of a symmetrical triangle, which was formed in a secondary trend after the breakdown of the downtrend line and going sideways. The medium-term robot from the support/resistance levels zones.

Trade according to the algorithms of your trading strategy, based on your experience and risk management, not on emotional outbursts. Don't be a pixel of a controlled psycho-emotional market herd.There are no other words….

19 may 2022

Nota