BTC Profile View - Using Bonfire to square up trends -
Updated
Short to midterm 3 hr chart.
Marked voids in volume and squared up the price history and "lookahead" to the built in Bonfire (BF) indicator. Notice the vertical lines marking probable price action pivots . I also spent a great deal of time finding common Bonfire and Gann points of interest. These trends were built on on said points of interest, intersections, alignment, balance, and price history. The idea is to follow the price at at each price level, trend line and intersection. The trajectory of the price will tell a story along with how it reacts to the BF indicators. Much will depend on the volume between now and the first 2 weeks of August. Profit Algo's need volume and fees or there will be moves down until the price attracts bids and limit orders fill the balance sheets.
Upon publishing, chart scaling often changes. This is a view of the original chart squared.
Bonfire info
https://docs.google.com/document/d/1IUx42lV8a_8BSelP3_cnwNoJ1ihrRelCIddOegK2G5A/edit
Marked voids in volume and squared up the price history and "lookahead" to the built in Bonfire (BF) indicator. Notice the vertical lines marking probable price action pivots . I also spent a great deal of time finding common Bonfire and Gann points of interest. These trends were built on on said points of interest, intersections, alignment, balance, and price history. The idea is to follow the price at at each price level, trend line and intersection. The trajectory of the price will tell a story along with how it reacts to the BF indicators. Much will depend on the volume between now and the first 2 weeks of August. Profit Algo's need volume and fees or there will be moves down until the price attracts bids and limit orders fill the balance sheets.
Upon publishing, chart scaling often changes. This is a view of the original chart squared.
Bonfire info
https://docs.google.com/document/d/1IUx42lV8a_8BSelP3_cnwNoJ1ihrRelCIddOegK2G5A/edit
Note
Note
Check out the vertical lines in place marking big pivots
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