The blue circle shows the trend moving along the wave. The FOREX Smart Money Contraction red horizontal line is the 64K rejection which may or may not get rejected. If the trend gets rejected then will downtrend but will continue to move up passing the 64K level.
Keep in mind, that halving never travels in the exact direction but only in different volumes.
Note
The ideas in this link are linked together with the original and copy and are to be compared with copy #2
Note
Smart Money has created a contraction at $58,200. This clearly reads we will have a minor downtrend but will reverse.
Note
Please do not get discouraged, this reads to end soon. BITCOIN is preparing for the next BULL RUN, this minor dip is adjusting the stochastic RSI for more bull power on a daily timeframe volume chart.
Note
I will be using this idea for the 3-year BULL CYCLE. I will be adding it soon.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.