This is a good start during the Asian Market opening today.
It has been a long wait for the retracement to happen. And it is testing everyone's patient.
As the retracement do happen when majority is less expected. This would make good reference levels for my FOLLOWERS. On Tradingview, on X and on FB too.
BULLISH meaning uptrend whereby people are buying and keep on buying till they no longer have the buying power. RETRACE / RETRACEMENT meaning price downtrend due to short-selling to take profit for time being.
Back in September 2024, a survey was carried out on X. The expectation of the least managed to give the correct and closes answer.
Getting the WOW IDEA now as it seem following the previous chart published. Refer to previous post and its update chart at the bottom comment.
This is the configuration of 4H Chart prior US CPI data result is announced. We had slight downside due to last night/ yesterday's Head & Shoulders Effect. Look at the latest Resistance and Support on the Fibs & the Descending Wedge.
The formation of Shoulder-Head-Shoulder create stirs to the sentiment of the market. Head and shoulders complete formation will create opportunities to buy at lower level.
If the succession of Cup Handle complete 100% on its mission. It will shine some light.
From the previous published chart and meme. BTC sideways macro move chose to reach near $63.3K Yesterday's screen shot is available here: x.com
From the chart and the current situation right now. Bitcoin movement will be determine by the two Fibonacci's level. While constrain within the blue mini diamond shape.
From the previous chart of BTC the correlation of down trend in this bull market is a norm matter. Just watch how the market would create decision for more interest rate cut revival. If BTC is doing its Head and Shoulders pattern. It would attract more buyers at the bottom. The Diamond Shape in blue color is a Mini Diamond in the previous Big Diamond drafted.
Weekend was great for many as uptrend was filled with excitement. What about this Monday will bring us to? Correction of market in stages would be healthy.
BTC: The 4H Chart showed the "M" pattern is fullfiled. Percentile of price retracement is likely in most of the scenarios. Keep an eye on the Rising Wedge Support Line.
How far will Ethereum extend its uptrend this September, will determine its October performance.
It finally broke out of the bearish wedge. Study the Fibonacci Extension for long term bullish opportunities.
BTC: Retracement is possible and it is part of the cycle after it moved to top. Remember the 0.618 level is where it is affecting the movement.
Good news on RATE CUT usually draws many attention to temporary pump. It's an opportunity that come and go every quarterly. Price shot up to 0.618 level must be observed carefully. And here are the 4H chart and 12H chart for download and reference: 4H: 12H: