[10/04] Beast Trading _ Today's Bitcoin Analysis
Bitcoin has been continuing its crossroads recently.
The fluctuation range is relatively small, and you don't see it hitting in one direction.
I will analyze it from (22.8k) when Cpi presentation.
During the Cpi announcement, the trend line from 69k was accurately hit and fell, and from 22.8k to 18.1k, it seems to have fallen to five waves.
This whole thing has a high probability of being an A.
Since then, it seems that long lateral/convergence adjustments (period adjustments) that mainly come from B waves are currently coming out.
We're almost at the end of the convergence, and I'm thinking that it's going to hit the 69k trend line at the end of the convergence and fall again.
If it falls strongly by deviating downward from convergence, it can fall by renewing the 18.1k low point line as well as the 17.6k low point line.
At the end of convergence, you always have to prepare for volatility, and now the up and down movement is likely to end and the one-way will come out.
You have to be careful when you enter the position
Bitcoin has been continuing its crossroads recently.
The fluctuation range is relatively small, and you don't see it hitting in one direction.
I will analyze it from (22.8k) when Cpi presentation.
During the Cpi announcement, the trend line from 69k was accurately hit and fell, and from 22.8k to 18.1k, it seems to have fallen to five waves.
This whole thing has a high probability of being an A.
Since then, it seems that long lateral/convergence adjustments (period adjustments) that mainly come from B waves are currently coming out.
We're almost at the end of the convergence, and I'm thinking that it's going to hit the 69k trend line at the end of the convergence and fall again.
If it falls strongly by deviating downward from convergence, it can fall by renewing the 18.1k low point line as well as the 17.6k low point line.
At the end of convergence, you always have to prepare for volatility, and now the up and down movement is likely to end and the one-way will come out.
You have to be careful when you enter the position
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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.
Disclaimer
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.