Cryptos bull funnel preparing in TOTAL2
MAGENTA CHANNEL ARCS
They cover the trajectory of the price bounce from bottom to top. The oscillation of the price gaining momentum and loosing it later.
LIME CHANNEL CURVES
A "plastic wrapper" around those arcs to smooth probable limits and to simplify visual interpretation.
Can the price break into a strong bear market?
Yes, it is possible! But the chart points in another direction. If you look closely there is a "somewhat like" Head Shoulder Head Shoulder formation that still prevails in repetition. The bear momentum is losing speed.
How accurate are the "magenta arcs" of the following months?
I cannot still project speed, curvature, or any kind of vector until the new bull market starts and has some history behind. I tried to sketch some probable boundaries by looking the history and the projection of grey trend lines. But the last magenta arcs are NOT ACCURATE with this technique (at this time)
In a conservative stance, I would enter the market when the value surpasses the violet trend line.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Look my previous TOTAL2 publishing here (press PLAY)
I will republish this chart in a future with new updates.
They cover the trajectory of the price bounce from bottom to top. The oscillation of the price gaining momentum and loosing it later.
LIME CHANNEL CURVES
A "plastic wrapper" around those arcs to smooth probable limits and to simplify visual interpretation.
Can the price break into a strong bear market?
Yes, it is possible! But the chart points in another direction. If you look closely there is a "somewhat like" Head Shoulder Head Shoulder formation that still prevails in repetition. The bear momentum is losing speed.
How accurate are the "magenta arcs" of the following months?
I cannot still project speed, curvature, or any kind of vector until the new bull market starts and has some history behind. I tried to sketch some probable boundaries by looking the history and the projection of grey trend lines. But the last magenta arcs are NOT ACCURATE with this technique (at this time)
In a conservative stance, I would enter the market when the value surpasses the violet trend line.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Look my previous TOTAL2 publishing here (press PLAY)
I will republish this chart in a future with new updates.
Find some of my resources here:
heroselohim.notion.site/Cryptos-a4564cce70aa45f4b0cbd9823e691f80
heroselohim.notion.site/Cryptos-a4564cce70aa45f4b0cbd9823e691f80
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