Mapping the price in weekly:
Some rules to understand the strategy:
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div: Trend vs demand/supply
-Ascending trends with red cloud is most likely tested twice before break up.
-Descending trends with green cloud is most likely tested twice before break up.
Conv: Trend vs demand/supply
-Ascending trends with green cloud doesn't need retest to break up.
-Descending trends with red cloud doesn't need retest to break down.
red cloud = supply area
green cloud = demand area
Current idea:
I m neutral till the weekly closure. If the weekly close above the weekly medium term investor trend i will consider to long and not only till halving... Market is almost de-risked.
Gl