The markets might be giving me a rough ride🎢, but I'm not going to let it spoil my birthday celebration🥳. After all, as they say, "In the stock market, as in life, it's not about waiting for the storm⛈️ to pass; it's about learning to dance🕺🏻 in the rain☔."
I decided to take a break and enjoy💕 my birthday. After all, it's not every day you get to experience a market crash💥 and a mid-life crisis at the same time🗓️. But don't worry; I'll be back in the markets tomorrow, ready to make some money and maybe a wish or two.
I know the markets can be rough, but just like my life, it's all about buying low and selling high. So, I'm going to enjoy💕 my cake🧁, open some presents🎁 and maybe buy some stocks💰 on sale.
So, as I'm blowing out🌬 the candles on my birthday cake🎂, I can't help but think about all the parallels between life and the markets. Like they say, "In the stock market, as in life, you're either a bull🐂 or a bear🐻, but it's always better to be a live one."
Besides all the good feelings and jokes about today, in the past year, things happened to Bitcoin 🧨 that attracted everyone. I was checking the past analysis and decided to share them with you because it would be interesting for any trader to know the market's future.
On October 8, 2022, I published a post that showed Bitcoin on a monthly time frame👇. As you can see in the chart, Bitcoin will have an upward movement in the Time Reversal Zone (TRZ) between November and January📅, Bitcoin will have an upward movement in this zone after breaking its trend line. According to the analysis I shared, this happened✅.
Of course, this move can be like a pullback to the trendline. But I believe it is not yet clear which direction 🛣 the market will go. We traders are waiting for Bitcoin like a man waiting for his wife to show up for a party 💃.
Now let's go to the lower time frames—for example, two weeks👇. According to the theory of Elliott waves, it seems that we have passed five primary and impulsive waves in this time frame, and we have entered the main and corrective phase of Bitcoin. The end of wave🌊 A could be on the shore ⛱ of the Price Reversal Zone (PRZ). Of course, to confirm this event, we must wait for the authentic failure of the important downtrend line. Otherwise, it is still expected that Bitcoin will continue declining and be caught under the feet of market bears🐻. In my opinion, when Bitcoin left its ascending channel, it became difficult to return Bitcoin to its peak days, or at least it will be difficult until the next halving, but we still have to wait for this beautiful wife 👰.
Do we have an analysis in a lower time frame? Yes, weekly time frame👆. Our main post on Bitcoin weekly time frame. This candle📊 is essential because it coincides with my birthday 😜. I'm joking, but this candle really affects the fate of Bitcoin. As we expected, the price of Bitcoin grew in the Time Reversal Zone(TRZ), approached the important downtrend line, and finally pulled back to the broken important support line. If Bitcoin forms a weekly candle above the important support line and the important downtrend line, the failure of the important support line will be a fake break, and we can expect Bitcoin to grow to the $30,000 area. Finally, we can confirm the end of the primary wave🌊 A.
Of course, I would like to add one more point. If you pay attention to the Exponential Moving Average 200 (EMA200) and Simple Moving Average 200(SMA200), you will see that the EMA📈 is mainly above the SMA📉, and we have seen Bitcoin grow whenever these two lines have come close to each other. If the EMA can break the SMA to the bottom, this event will cause Bitcoin to go below the important downtrend line again, and in fact, this will be a negative sign☹️.
To be honest, this post was a bit of Bitcoin analysis and a show-off 🦚. So that I could inform you of what happened during this time. I was joking, but I really hope the analysis always goes so well and the market will behave as you expect to make a green portfolio in both the bullish and the bearish Market.
I might not be making money in the markets today, but I'm making memories with my loved ones, and that's worth more than any stock ever could be. So, I'll raise a glass of birthday cheers🍻 and make a wish for another year of good returns.
As I'm looking back at my past year, it's like an investment portfolio, some good returns, some not so good, but I'm still in the game and looking forward to what's next.
I know that life is full of surprises and unknowns just like the markets, but I'm ready for it. In the end, it's just a reminder that life and the markets are unpredictable, but that's what makes it so exciting. And I'm going to enjoy my birthday and hopefully, make some money💲 too.
Long story short, as they say, "In the stock market, as in life, you win some, you lose some, but it's the birthday cake🎂 that really counts."
Happy birthday to me🥳, and I wish you the best investment💸 and a world full of peace and tranquility.
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