BonFire indicator example on Bitcoin 24MIN
Press Play to see how BTC reacts. Bonfire indicator showing pressure built up behind a wedge of collected indicators. BTC will be drawn to the low points in the advanced indicators. If it should break the yellow line with momentum, a price break up is probable. The more clearance between price and Safety Net (brown) and Driving Line (yellow) the better. Try it out on different intervals 1min to 4hr is preferred. Price is attracted to the voids and as it enters the low points in the advanced indicators. Once the price breaks upward, the likelihood of a continued run up is dependent on the downward trend of the Safety Net, Driving Line, etc,,
Use Bonfire Indicator for finding pivots, fractals, supports, resistance, trends, velocity, geo-charting, Gann and much more. Bonfire works great on crypto and stocks alike. Bonfire is a prediction tool like no other.
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