There is a breakout to the upside shown by the downward-sloping white channel. This marks the beginning of the bull run.
The graph is adjusted to volatility accounting from coins' dominance, and economic changes (through accounting for dollar, gold, and bond movements).
This graph is universal, use the equation or the graph as you see fit. The dollar value of Bitcoin can be tricky to trace from the graph. I'd recommend translating values to BTCUSD by estimating the %movements and finding the nearest most significant psychological levels. Don't have to be psychological levels, these have just worked better in the past.
TP (blue line): 35,000
SL: 25,400
The graph is adjusted to volatility accounting from coins' dominance, and economic changes (through accounting for dollar, gold, and bond movements).
This graph is universal, use the equation or the graph as you see fit. The dollar value of Bitcoin can be tricky to trace from the graph. I'd recommend translating values to BTCUSD by estimating the %movements and finding the nearest most significant psychological levels. Don't have to be psychological levels, these have just worked better in the past.
TP (blue line): 35,000
SL: 25,400
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