Arbitrum
Updated
The market psychology cycle refers to today's situation in Anger area, which says that there is no Depression wave.
If true, it is expected to be seen on other coins as well. For example btc, eth, floki, cyber, shib, avax, plaplapla and various other coins.
The results of several other analyzes (ew 2.0 and indicators) still suggest that something is missing before a major rally(strong abc).
The analysis is created only on the basis of market psychology cycle. Whether it lies or not is your thinking.
MD
If true, it is expected to be seen on other coins as well. For example btc, eth, floki, cyber, shib, avax, plaplapla and various other coins.
The results of several other analyzes (ew 2.0 and indicators) still suggest that something is missing before a major rally(strong abc).
The analysis is created only on the basis of market psychology cycle. Whether it lies or not is your thinking.
MD
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Chart
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Trade active
Various analyzes say to the blue box, but I doubt it will go directly there from the current price.
+20% might be possible and it's small and doesn't spoil major moves.
If the blue box is the truth, I don't know the exact price level, just below 43 cents and then the hopeful abc strong volume pump.
Of course I could be wrong, but that's analysis
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major (lower than 43 cents) remains valid, but minor can change step by step. it is obvious, it is impossible to foresee everything 100%, basic normality;)Trade active
total price pattern comparison
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cyber and btc price pattern comparison
Trade closed: target reached
bitcoin will soon reach resistance on the indicators. which can bring cooling. cooling is confirmed at 73.5k.
If btc cooling is wrong then it better not reach 73.5k because this shows weakness.
I believe that 2025 is bullish
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70c will lead to more upside, *seems* so bullishNote
the arbitrum has given a signal that could bring more upside, will the fast decline before the upside fail and the upside has already started? maybe. in summary, whether there will be a decline or not, bullish 2025 is still likely.
use sl no matter how good it feels. -20 equals -40%, simple sl -20% and potential +30% + cooling and then only up.
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update. +40%
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cyber still says bearish, or there is a big risk. I'm considering it today, maybe it's trueNote
generally up
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if I look only at arb and ignore cyber and its waves, then it seems bullish to me personally. abc volume and we are A volume.
Right now in real time sl is -10% and potential is +40%.
reaching sl can take arb to 40cents, sl is necessary, it is always necessary no matter how good it seems.
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Red candle in the coming days?? and then hopefully more btc rise. can affect arb
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arbitrum B volume.
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