When in doubt, a new view

All traders no matter at what expertise level deal with emotions and as such can at times get caught up with being stop with a trading debilitating state.

It is useful at these times to have an alternate protocol on how to measure markets than ones typical procedure process to get a different view and to shine light on a situation that's otherwise confusing.

Emotions are always in the here and now triggered by an event and are rarely improved by throwing a different emotion at it or worse acting in trading under the influence of a limiting belief

One of the protocols I use is to instead of looking at trading under the typical price behavioral lens, rather using time and the beauty principle to get a better understanding on an accurate view of the markets stand.

The following daily chart depicts such a view on the markets:

what can be determined is that BTC trades in a sideways range since March, illustrated with the three green trendlines.

Zooming further out shows us that bitcoin is in a up trending environment and this sideways channel representing a bull flag:

going back to the previous chart:

we can also make out that the steepness of the angel of the white lines 1,2,3 is getting stepper through time

= greed

meaning we take less time to advance in price to get to the high boundary of the range

= bullish

another aspect is that when prices decline from their highs through the range they first stop at line 2 green for a bounce,

before building an inverse double bottom at 1 green the lower channel boundary, marked with the orange lines

the yellow line indicates directional support and a possible starting line for an earlier bounce this time around indicated by the previous steepening of the white line angles

literally while i gave parts of this presentation live today in our weekly live call such a bounce occurred:

So in opposition to our typical methodology of zooming out to larger time frames or stacking odds or zooming in to see rotation clearer amongst others , in this protocol we take specifically a daily time frame for a range of about 5-6 month and check for market behaviors like greed and fear degrees in form of angles, pattern behavior of how price moves through ranges, turning pattern behavior and variants of beauty principle observations

the key here is less one of what other tools are used but rather a pattern interrupt of using a different procedure to evoke alternate emotions and a more clear view and trust towards a generalized market observation to get back on the horse

and perceive the market for what it is rather then under the filter of an emotion

It is important that the alternate view procedure model is as well rule defined as the daily routines meaning you do not want to come towards an emotional state with an improvised intuitive analysis

the choice is only another rule based routine block to not get stuck

most trading trouble comes from an absence of a rule and a subconscious overwhelm that leads a trader to intuitive behavior which in principle is the worst choice in a counterintuitive environment