You are watching a very unique Bitcoin technical analysis. It use Fibonacci ratios + support/resistance to find the best zones to enter and exit the market. It was developed by Rick during his 8 years of Forex trading.
Blue triangles are drawn to define areas where the price will usually remains when buyers and sellers agrees on a coin value. Buying at the bottom and selling at the top is a good idea but these are not the best entries. You’ll have better odds of a successful trade when buying the breakout of that triangle. Green and red rectangles are BUY and SELL points suggested by Rick. Bigger rectangles means better odds of a winning trade. Green horizontal lines defines zones and I try to buy coins at the bottom of them Targets are set where Rick thinks the bulk of the move will be done. You are probably better to close a trade there and move your money to another coin with better odds for a move up.
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