🚧🚧🚧NOBODY TOLD YOU THIS!!🚧🚧🚧
We, sometimes, when we conduct our analyses, use various timeframes and indicators.
However, as we move through the market, we end up leaving behind some milestones that should always be remembered.
Well. I was observing past trends and patterns that could repeat, something common in technical analysis.
When zooming in and getting an overview of the price movement of the asset, in this case, I used the monthly chart of
$BTC and slightly observed a correlation in the
#TOPOS and
#FUNDOS .
To better locate myself, I marked the
#SUPORTES because I think that region is the most important, especially when you have the buyer setup. Soon after, I drew a
#LTA from the first peak of the asset to the last peak of the asset. And voila! There was a resistance area exactly when touching the line.
At the present moment, for the first time, the
$BTC broke it and gained strength to turn it into support.
A very important moment for BTC.
But what do I want to show you with this?
- Analyze various timeframes.
- Know how to identify the main SUPPORTS.
- Don't fight against RESISTANCES.
- Observe the historical price movement over a long time span.
- Know how to locate CHANNELS.
- Always be seeking knowledge and technique.
Now we are in an unknown region, but do you know which ASSET this is?
$BTC Have a plan, manage your risk, don't fall into FOMO, and happy studying, and may God bless you.
#FREEDOM 7° POST