Price action is a reflection of what buyers and sellers are doing
We posted this chart in our members section a few weeks ago to show how price action is used to understand what an asset is doing. You can clearly see when price was in an uptrend and when it changed to a downtrend.
The movement of price and its intention makes perfect sense if you look at where price is coming from and how it behaves when it is ready to change trends.
This is an update of the previous charts we had posted about Bitcoin, Where is Bitcoin going next? Just an interesting chart to ponder that is all.....