BTCUSD, Day, Linear chart
I don't usually see linear chart, but I found something interesting when I was reviewing my past analysis.
The marked channel is a secret downtrend channel that nobody knows.
Bears are trying to enter to my secret channel by forming head and shoulder pattern.
Everytime they touched the upper board of the channel, they all rejected.
So, we can imagine some movements.
1) Cyan movement
: When the resistence is really strong, Bears may not even enter the channel
2) Orange movement
: When the trendline is really strong.
3) Purple movement
: When the bears sharpen their teeth.
The second trendline support success.
4) Yellow movement
: When the bears sharpen their both teeth and claws.
Let's see.
I don't usually see linear chart, but I found something interesting when I was reviewing my past analysis.
The marked channel is a secret downtrend channel that nobody knows.
Bears are trying to enter to my secret channel by forming head and shoulder pattern.
Everytime they touched the upper board of the channel, they all rejected.
So, we can imagine some movements.
1) Cyan movement
: When the resistence is really strong, Bears may not even enter the channel
2) Orange movement
: When the trendline is really strong.
3) Purple movement
: When the bears sharpen their teeth.
The second trendline support success.
4) Yellow movement
: When the bears sharpen their both teeth and claws.
Let's see.
