The smaller chart (currently added 1D) detects a clear loss of volume and when I look at the blue area, it smells more like potential truth. Because there is no adequate correction + today's declines are not the minimum fib, but everything has reached at least that minimum in today's bull market.
1d:
The big abc can be potentially correct, because the previous correction can be determined by the bow low. In very many cases, a b-wave bow low and a c-wave bow high are seen (it is especially good if the b point is a new high, which gives potential for a bullish correction (ew 2.0)). + Bitcoin sees more upside potential when comparing the two previous volumes on large charts (currently 2w).
2w:
Adding the different results together, there is a decline (finding support) and then an increase (abc wave up).
There are some trend based and classic fib levels on the chart where btc can stop.
The liquidation movement marked with the yellow line, between which it can oscillate.
-30% of the higher peak remains the assumption today and it seems to be a March(April?) thing.
Only the result of technical analysis. **Can be wrong or change step by step in details over time**.
Do your own analysis and it should be number 1 for you and all other people's analysis should be for entertainment purposes. Understand? only you can save your own shitty life in this crypto world. I don't trust anyone here or anywhere else, it's great if I can trust myself.
Good luck to you and I accept if you see something different.
1d:
The big abc can be potentially correct, because the previous correction can be determined by the bow low. In very many cases, a b-wave bow low and a c-wave bow high are seen (it is especially good if the b point is a new high, which gives potential for a bullish correction (ew 2.0)). + Bitcoin sees more upside potential when comparing the two previous volumes on large charts (currently 2w).
2w:
Adding the different results together, there is a decline (finding support) and then an increase (abc wave up).
There are some trend based and classic fib levels on the chart where btc can stop.
The liquidation movement marked with the yellow line, between which it can oscillate.
-30% of the higher peak remains the assumption today and it seems to be a March(April?) thing.
Only the result of technical analysis. **Can be wrong or change step by step in details over time**.
Do your own analysis and it should be number 1 for you and all other people's analysis should be for entertainment purposes. Understand? only you can save your own shitty life in this crypto world. I don't trust anyone here or anywhere else, it's great if I can trust myself.
Good luck to you and I accept if you see something different.
Trade active
I can't comment on anything smart.it didn't even need a support point to fall, the situation is just worse than I expected.
but what had to happen happened, the most basic thing in this analysis.
bitcoin is ready when there are also altcoins and altcoins are still not ok, presumably.
the most terrible is solana, in which the fall seems like a big wave a and any green is b. but it only seems that way, the reality may be different. no one knows what will really happen and maybe the bitcoin analysis is only a partial truth.
but let see step by step.
Trade closed: target reached
Note
The problem is that I can't apply the Solana assumption to all altcoins. I'm not sure about anything.Note
shib history compNote
update: today's bull market (smaller) / today's bull market (larger) historical comparison on the rsi indicator.everything is still basically the same and still needs a more decline to make it more of the same.
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Note
there is still something missing from the movement and today btc only feel a purple res.Note
If I look at the 1D chart, there might be some delay, but maybe it will be there very soon?🤔Where it should ideally be.Note
you know what?WTF hahah, this 1w needle. I really didn't expect it but tomorrow a new weekly candle will open, it's as good as confirmed candel.
The only thing I can think of right now is that there is no adequate correction. Or is this needle a correction??? so hard to believe
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I'll let the situation digest for x days and see what happens. Maybe there's a new sell enter opportunity? if btc hold more 90k+ area. I'm not confirming the correction today because there was a double bottom before and this rise could also be point b. + this idiotic needle + several altcoins show that the cherry on the cake is missingNote
double bottoms give a chance for better greens on the usdt.d chartNote
ONE scenario IF btc rises above the pink line and looks for a better resistance to get red.can btc make more green? I don't know but we can hope
Note
another scenario with a larger delay
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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.