MITH hasn't figured out what to do, fall or rise.
I believe there will be a move to the green line area. Next could be a retest of the blue line. If the retest is successful there will be a retest of last swing low.
I really do not believe in the retest of the blue line and I think that from the green line the growth will start.
However, MITH could start rising right now - it is in the uncertainty zone based on my view.
Is a giant triangle forming? Yes and no. I draw patterns by candle bodies, not by shadows. That's why I don't declare this figure in any way. For me there are the trend lines. A weak falling line (weak because it is drawn on the shadows) and a good rising line because it is drawn on the bodies.
Disclamer: I'm sharing my thoughts and not giving financial advice. All decisions are your own and you are responsible for them.
Have a plan for the situation if something doesn't go your way.
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I believe there will be a move to the green line area. Next could be a retest of the blue line. If the retest is successful there will be a retest of last swing low.
I really do not believe in the retest of the blue line and I think that from the green line the growth will start.
However, MITH could start rising right now - it is in the uncertainty zone based on my view.
Is a giant triangle forming? Yes and no. I draw patterns by candle bodies, not by shadows. That's why I don't declare this figure in any way. For me there are the trend lines. A weak falling line (weak because it is drawn on the shadows) and a good rising line because it is drawn on the bodies.
Disclamer: I'm sharing my thoughts and not giving financial advice. All decisions are your own and you are responsible for them.
Have a plan for the situation if something doesn't go your way.
------------------------------------------------------------------
>>> press "like" for ideas updates
>>> follow me for more ideas
Comment:
MITH has not yet started active movements. So it makes sense to watch bitcoin with one eye.
I drew the black arrows about eight hours ago (see my bitcoin post). If bitcoin moves toward the yellow line SLOWLY and MITH gains strength, it will have no impact. If MITH doesn't start moving or bitcoin moves quickly toward the yellow line, MITH will go down.
MITH has not yet started active movements. So it makes sense to watch bitcoin with one eye.
I drew the black arrows about eight hours ago (see my bitcoin post). If bitcoin moves toward the yellow line SLOWLY and MITH gains strength, it will have no impact. If MITH doesn't start moving or bitcoin moves quickly toward the yellow line, MITH will go down.
I won't write anything, because I don't have time right now. But it doesn't matter.