What does BTC think?
Hello dear friends
Well, my friends, in response to my question, I shared my idea with you. I hope you find it useful.
some notes:
1. Today, I saw in many analyzes that we were talking about the reverse pattern of the head and shoulders. I had talked about it in the analysis two days ago. And now I think this model can not work due to the serious resistance of the price.
2- It is true that the bit has moved up a bit, but in daily time frames and even 12 hours, it is still the main downward trend.
3- According to the rules of counting in daily time, the price is in wave 4 of the recent downtrend, and in the market, usually and not always, we see 5-wave trends. So I am still waiting for wave 5.
4. A review of trading volume and fundamental indices still does not signal the beginning of a new strong trend.
5. The macroeconomic and political parameters governing the global economy are not in a position to help pump financial markets. The issue of US interest rates and Russian military tensions are two important issues.
In the end, this analysis would be invalid if the price could break the downtrend with a strong daily candlestick.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Well, my friends, in response to my question, I shared my idea with you. I hope you find it useful.
some notes:
1. Today, I saw in many analyzes that we were talking about the reverse pattern of the head and shoulders. I had talked about it in the analysis two days ago. And now I think this model can not work due to the serious resistance of the price.
2- It is true that the bit has moved up a bit, but in daily time frames and even 12 hours, it is still the main downward trend.
3- According to the rules of counting in daily time, the price is in wave 4 of the recent downtrend, and in the market, usually and not always, we see 5-wave trends. So I am still waiting for wave 5.
4. A review of trading volume and fundamental indices still does not signal the beginning of a new strong trend.
5. The macroeconomic and political parameters governing the global economy are not in a position to help pump financial markets. The issue of US interest rates and Russian military tensions are two important issues.
In the end, this analysis would be invalid if the price could break the downtrend with a strong daily candlestick.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
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