$BTC #news and so, I previously wrote about my assumptions regarding price movement on #BTC. 🪙 I want to show you the price movement chart analysis system on a 4-hour chart.
We must remember that this information is purely advisory in nature. 👌🏻
I am simply sharing my experience and observations. 😊
Let’s analyze the meaning carried by the horizontal lines (yellow), as well as the rays (red, orange, purple).
🟡-yellow- I mark for myself where the price indicator (cost of 1st 🪙) has consolidated ⚖️
In simple terms, the price remained within a certain value range.
🔴-red- these are the rays.
I took the lowest price indicators 📉 during the period between two positive growths 📈
For what purpose?
If you pay attention ‼️, you can notice that the price has risen each time from the yellow horizontal lines, which indicates to us that this is a solid area and the price may continue to rise!
🟣-purple- also a ray, but the antonym of red, based on the first two jumps (13.10.24), which ultimately led the ray to intersect with the red one.
Let’s think💭
Let’s analyze 📊