After 4 months of watching at this chart i made a conclusion. Here is the global picture.
The reactions on the chart are always zigzags. The whole figure has: 3-5-3-5-3 structure, which gives the impression that it is an ending diagonal.
The target for diagonal is a figure is its base, marked by the blue horizontal line - 9.42% on the dominance, or +72% from the current value.
If the chart will consolidate above 5.81 %, i.e. above the sloping downtrend line, it would be confirmation that bear market has started in 2024 December, or we are in ABC now.
This trend line is the key because this line is global for the current bull market.
If this is an ending diagonal figure, I beware for the future of national fiat-currencies, after the bear market on cryptocurrencies. But i still need to think more on this discovery.
The reactions on the chart are always zigzags. The whole figure has: 3-5-3-5-3 structure, which gives the impression that it is an ending diagonal.
The target for diagonal is a figure is its base, marked by the blue horizontal line - 9.42% on the dominance, or +72% from the current value.
If the chart will consolidate above 5.81 %, i.e. above the sloping downtrend line, it would be confirmation that bear market has started in 2024 December, or we are in ABC now.
This trend line is the key because this line is global for the current bull market.
If this is an ending diagonal figure, I beware for the future of national fiat-currencies, after the bear market on cryptocurrencies. But i still need to think more on this discovery.
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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.