ondemandqert.blogg.se - Drawdown bar

$19134 was the final price of this past semester, and will presumably play some kind of important role during the rest of the year, or the next years to come.

The 2 nd most essential price of any year, is the close of June: it is not only the close of a month, or a quarter (March close and September close are the 3 rd most important) but the close of a semester.

However, considering that the most critical price of any year, it is the close of the year (it represents the final sentence, the verdict), the most influential price on this chart might be the close of the 1 st year of Bitcoin Futures Trading.

On prior reports, we have said that the prior major high (high of bar 1) was the most important price of the entire Bitcoin Futures Chart since the Bitcoin futures were launched at the Chicago Mercantile Exchange (CME).

At the end of the year, we will probably see a doji with a bull body or a bear bar with a big tail below.

Trading Range Traders usually fade good trend bars within bad context.

The chances are that Bitcoin will trade at least a bit lower, but this is not an ideal context for selling below this bar, as it occurs after a couple of Trading Range Bars.

Regarding next bars, after a Big Bear Bar like this past bar, we should see Big Risk.

With current information (price holds above bar 6, Major Higher Low/ Higher Low Major Trend Reversal), we should expect lots of Trading Range Price Action and another Bull Spike happening within the next 10 years.

Broad Bull Channels can spend a lot of time behaving like a Trading Range, and then do some Bull Spikes.

Bull trends that close gaps (as here) and have big Pullbacks are likely Broad Bull Channels.

Until price do not reverse the Bull Spike, or until it goes sideways for many bars, we should think that this might be simply a Pullback of a future Bull Channel.Bears hope that this Spike is a failed Breakout and therefore, the price will fully reverse all prior upside gains. Bulls hope that this is a just the Pullback of a Spike & Channel Bull Trend, that this pullback it is just the start of a Bull Channel.The current Pullback, it is forceful, as it has closed the gap between the high of the Open (bar 1) which was the prior higher high.Today, this chart is Pulling Back from a Bull Spike (bar 7) that broke up the prior higher high.

This is why, Al prepare us for a dynamic environment, where we should be permanently judging if our premises are still valid. On a Semester Chart, this is, next 10 years. If we identify properly how they are behaving, we can get an idea of which context will drive the price during around the next 20 bars of the chart. This is, we try to understand actual market participants behavior. When we look at a chart, we try to understand the forces behind price moves.Last week, we got the close of last Semester Bar. The 1st half of a year or the 2nd half of a year. Every bar represents 6 months of trading. Bitcoin futures The Semester chart of Bitcoin futures Context Actually, traders expect lots of Trading Range Price Action between $14470 and $45000 during the next couple of years. Since the 2020/2021 Bull Trend structure was constructive, the chances of Bitcoin holding above $11800 are good However, traders do not expect any bull trend starting soon.

Traders look at this 85% number because it is the size of the prior major market downturn, occurred between 20. Down 73% from the highs, traders are wondering if the price will continue to trend down until $11800, which represents a Bitcoin major drawdown (85%) from the highs. The Bitcoin futures are down 60% since the year has begun.