#Write2Earn #BTC KNOW WHERE BITCOIN IS HEADED -Trend Levels Analysis
Trend happens in levels, which show up in time frames.
The Mega Trend shows up in the monthly time frame that spans about a year or two giving you a clear picture of the various corrections and pull backs that show up as false reversals in lower time frames.
The Bitcoin mega trend is shown here in the monthly candles chart spanning September 2022 till date. Mere observation is enough to see the trend direction.
Next to the Mega Trend is the Major Trend which can be seen in the Weekly Candles chart.
The Weekly Candles chart shows BTC price movement from 11th September 2022 till date, comprising three significant lows which are subsequently higher lows.
Next, we have the Main Trend which is seen on the Daily Charts.
For the analysis, the daily chart is taken from 27 September 2023 till date. A mere observation is enough to tell where the price is headed. The higher lows are also evident as the lower Bollinger Band sags low at those points.
The last trend we considered is the Minor Trend which is shown in the 4hour chart.
Once again the trend direction here in visually evident.
In conclusion, know it that BTC #BTC is heading higher. The up trend has begun since September 2022, and what you see as reversals in lower and unreliable time frames are just mere corrections and brief pull backs which can easily be identified in the higher time frames.
Thank you for your time.