Trendline vs (Joop Trendline), How to find targets & $BTC Update

𝕄𝕒𝕣𝕜𝕖𝕥 𝕊𝕥𝕣𝕦𝕔𝕥𝕦𝕣𝕖 𝔹𝕦 𝕁𝕠𝕠𝕡
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Trendline vs (Joop Trendline), How to find targets & CRYPTOCAP:BTC Update
Timeframe: I find the overall trend on weekly chart, Draw my lines on daily & Enter trades on 4hrs
• Lines: I only consider Close & Open of the candles (Body • No wicks) - DAILY

Traditional Trendline (RED) = Connecting
Highs or Lows
Issue → Fake outs = Misleading & Traps

Joop Trendline (white) = look for the nearest point where price has reacted to + it should be in the direction of the trend
BTC in a overall downtrend → we look for the nearest low (yellow + II screenshots)
Then connect that low to the highest high in the shorter pattern (BTC has been in an up trend in the shorter timeframe) → marked as “high” (yellow)
• The second touch to “Joop Trendline” will be our final resistance
Caveat: touch should be with body of the candle no wicks + we have to wait for confirmation (to avoid falling into a breakout)
For easier drawing the lines, use the “Line chart”
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Update on #Bitcoin TA
• Nothing has changed, CPI caused a bit of volatility
• Consolidation before the second touch, breakout or collapse
• My prediction: BTC will go up for the second touch + filling the CME gap + retest of the Golden ratio
• My BTC short: still open + gonna go heavy short after confirmation of the second touch or collapse & retest