$BTCUSDT MY View and thoughts :), rookie trader here:

2023年11月26日

Now, obviously we can see a major consolidation happening toward the upside; perceptually on the 4hr TF.

- Looking at the Upper-Orange TrendLine, i've identified a few touches and drew a parallel line corresponding with the lowest price for the candlestick ,respectively.
- Tighter consolidation became more apparent leading me to identify the 2 aqua-blue trend-lines,

- not "mathematically" but perceptually halving the space between the two blue lines by identifying a resistance-turned-support level( identifiable between yellow vertical line and blue vertical line.
- the space between the two first vertical lines, yellow and blue, demonstrate , to me, 2-double tops, with heavy consolidation , using the orange trend line as extreme touches as first.

- the close out of the two double tops , to me, was the start of what i like to call the "N" pattern. demonstrating some support at the aqua lines and extreme touch at the orange trend line. that same close out to the double tops was a breakout out of the orange trend line, creating the green horizontal array, marked at the 38k and 34.8k respectively.

- these levels were formed after the return into the orange trend line and support turned resistance; returning back to major consolidation range and testing the bottom orange trend line, completing the "N" pattern

- now from the red vertical line to the green vertical line , we start off with another "N" pattern( kind of upside down), after the completion, we see a retest to the green horizontal array, no continuation above 38k zone, return back to median consolidation zone, resistance-turn-support (pink trend line).

- I will also say it seems from the blue vertical line , up until now, theres been a slight change in pattern, but is still in the sam movement on the grand scheme of things. the two red highlighted portions to the right of the blue vertical line, gives me reason to believe of a double bottom finishing out; but can repeat what happened in the beginning of this consolidation range, 2 double tops and a break out to new highs