Each channel is a probability of movement. #BTC
As the price gets less volatile or more volatile, I will break the channels into smaller fractals to follow price into the next higher probability of movement.
$44.4k is 50% of: $47.6k-$40.8k (50% is a measure of strength)
1/5π§΅
As the price gets less volatile or more volatile, I will break the channels into smaller fractals to follow price into the next higher probability of movement.
$44.4k is 50% of: $47.6k-$40.8k (50% is a measure of strength)
1/5π§΅
If price truly breaks that level (as occurred, candles closing below $44.4k), the higher probability is for price to fetch $40.8k and not $47.6k.
It will always be a probabilistic game.
In reading the price, what we want to know is: what is the next move?
#Bitcoin
2/5π§΅
It will always be a probabilistic game.
In reading the price, what we want to know is: what is the next move?
#Bitcoin
2/5π§΅
That said, below $44.4k more broken fractals show up.
The determining point (now) is $43.5k, this level is exactly 50% between the $44.4k-$42.6k channels.
The highest probability here is $43.5k broken If $43.1k holds as Support (so far held).
#Bitcoin
4/5π§΅
The determining point (now) is $43.5k, this level is exactly 50% between the $44.4k-$42.6k channels.
The highest probability here is $43.5k broken If $43.1k holds as Support (so far held).
#Bitcoin
4/5π§΅
5/5π§΅
If $43.5k is Support the highest probability is $44k broken.
If $44k is Support the highest probability is $44.4k broken.
The opposite happens, if it is Resistance the lower floor is more likely to break, increasing the possibility of assertion of what the next move is.
If $43.5k is Support the highest probability is $44k broken.
If $44k is Support the highest probability is $44.4k broken.
The opposite happens, if it is Resistance the lower floor is more likely to break, increasing the possibility of assertion of what the next move is.
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