BITCOIN - Is Bitcoin too FOMO? 😁
Updated
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Bitcoin can expect a steady Rise if it deviates from the Main Resistance area.
The exact details of the Wave are still in progress, so it should not be concluded.
👉 But obviously, if Bitcoin gives a downward adjustment, Buy has an advantage.
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In 2018, Bitcoin continued to rise when Pattern and MA/EMA were out of bounds.
Currently, the Bitcoin chart is structurally better than in 2018.
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Is it too hopeful?
Bitcoin can actually happen.
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I pray. 🙏
Good luck! 🌈
Note
I am responding by drawing various patterns and waves of bitcoin.
The attached chart image is the most conservative analysis.
However, it still lacks credibility.
Let's wait until Sunday for Bitcoin Wave to be accurate.
Note
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Yellow 21ma
Orange 50m
Purple 200ma
Bitcoin's current Weekly candle needs to be interpreted the same as the 2019 candle. (Yellow Box Area)
If Weekly Candle simply supports it by breaking through 21MA without damaging 50MA, Bitcoin can expect a steady rise.
The adjustment period will go through because the indicators below 1 Day are over-buying. Don't be scared.
Let's have a trend-following principle until Bitcoin's wave or pattern or MA/EMA is completely canceled.
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Let's judge 1Day EveningStar on the next day's candle, too.
Let's wait until Sunday with patience.
Note
I am sorry that I use a translator because I am Korean and I am not good at English. 😭Note
Note
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It is still not reliable.
Let's wait and see.
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