Full-time trader 21 yrs âĸ Creator of @TradingAlpha_ âĸ Timing markets is my thing âĸ Building the best tools in the market - Alpha OS releasing soon! đ¨
$BTC (4hr)
Phase 2 uptrend has now broken our range high line and formed an up channel - all while holding consecutive green Dots. đ đĸ
This tells us the trend and strength is strong. However if this is a channel then we are nearing the channel high. This would also make sense why the purple phantom indicator is suggesting bearish divergence starting to form. With our volume profile making lower highs.
What to do next: We simply watch trend for validation or invalidation. Green Dots ending would be our first sign of a slight pullback. Pullbacks can be opportunities.
Or the invalidation here would be $BTC breaking local highs put in here with conviction, and challenging the channel highs again soon. Update tomorrow evening.
If you guys engage in comments I'll keep these posts/updates going daily.
$BTC (4hr)
Phase 2 uptrend taking another run at the range highs trying to breakout.
Green Dots holding, purple phantom is bullish.
We just need to watch volume and a break above highs with Phantom. I had this idea of sharing my hand drawn levels automatically every week on assets I like.
Maybe we can look into putting this on the new Alpha OS platform. I'd be the first to offer this custom framework in our own OS. đ¤