Some of the points I miss in technical analysis are as follows: 1. Price broke the Trendline for almost 3 months 2. The price broke the MA20 of the Bollinger band and went up 3. Price has returned to test MA20 4. Confirmed by Volume
Following the Wyckoff method, I find the current bitcoin market to have a pretty similar pattern! It can be said that this is a good accumulation period! You can google to understand more about Wyckoff.
My comments on TOMO in the short term, look forward to comments
I use the model of AMOS HOSTTETER and give the technical analysis in the 4h frame as follows. Please leave your comments below for us to learn.
I used the Fibonacci Time Zone and the Fibonacci Retracement to measure the top and bottom of the GRT as shown below.
The 1D frame broke the downtrend line and entered an uptrend. The next target is the old high of $ 4.4.