Short

Capitulation is coming

Updated

Currently we could be in wave III.
If BTC breaks through $ 8,900, we'll see a big fall.
If the BTC does not exceed 10500, the analysis is still valid.

Note

In both charts, we are already below the trend line. This suggests a coming crash.
Logarithmic chart

Linear chart

Note

BTC tested the MA 50 Daily (MA 300 4h), MA 200 4h and the declining trend line as well as the growth trend line from below. Furthermore, we can observe a descending triangle formed by a thin dashed line and a blue horizontal line (Accumulation stop loss).

Note

Dominance BTC is in the key zone.

Note

BTC still failed to return above the dashed trend line.

Note

Bullish signal? We haven't created a higher high yet. But Ethereum has already created a higher high. It is therefore likely that BTC will soon create a higher high as well. Then we can talk 100% about the bull run.

Note

Bull market start now.

Fox666

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