Website to access charts that play out live: https://opticalartcrypto.com
I found a great youtuber who occasionally comes across as arrogant; but he does have an interesting approach to studying charts. Basically he makes multiple charts and overlaps them in 'optical art' rings or 'fib channels'
"Before our bitcoin bull run can continue we need to watch US markets, NYSE and the dollar. I use chart technical analysis to show support and resistance levels for drops and pumps as well as inflection points to predict moves".
Maybe he wouldn't be so happy since I'm not subscribed to his insider club ; but I guess I'm giving some free adverts.
The final chart is the one we are most interested in; BTC. He won't reveal his super cheap buy in the not so distant future. So I speculated and charted the amount for you. I could be wrong and I'm using a chart from BITTREX; but it should be close.
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21k ish.. which is a very fair corrected price with a strong bottom of support. I'm not saying this will play out; but we certainly are seeing a drop within his channels. I suppose if you draw enough charts are overlap them you will find resistance level in many different places. He uses them to set his buy and sell placements. I am not affiliated in any way with this guy; and besides his arrogance he is still talented.