Another “if history repeats itself” idea. This uses Bars Patterns from Late May through September of this year (2021).
Most of these trend lines go back roughly one year (some longer). The lower red channel I call the Ascending Gutter. It makes sense to me that we would briefly interact with this channel at an appropriate time, like when the channel corresponds with historical resistance/support lines from earlier this year, or late 2020.
Not financial advice. I’m just fascinated by TA and BTC.
Most of these trend lines go back roughly one year (some longer). The lower red channel I call the Ascending Gutter. It makes sense to me that we would briefly interact with this channel at an appropriate time, like when the channel corresponds with historical resistance/support lines from earlier this year, or late 2020.
Not financial advice. I’m just fascinated by TA and BTC.