ckinvest15

ckinvest15

LONG-TERM BULLISH | SHORT-TERM CORRECTION EXPECTED ## Key Technical Points • Price is currently trading within a well-defined parallel channel (marked by white trend lines) • Multiple touchpoints validate both upper and lower channel boundaries • Current structure suggests an imminent retest of lower channel support ## Technical Analysis The Total Crypto Market...

ckinvest15

The weekly chart of BTC/USDT shows a promising Cup and Handle formation, a bullish continuation pattern. After a strong uptrend from the 2022 lows, we're seeing what could be the handle of this pattern forming now. Key points: Cup formation visible from 2022 lows to recent highs Current consolidation/pullback potentially forming the handle If pattern...

ckinvest15 Updated 

There is a correlation between the cycle that started at the beginning of 2021 and the cycle that started in July 2021. The first Wyckoff Formation passed 5 cycles and now we are in the fifth cycle (Markdown) of the current formation. If history repeats itself, we should be aware that a new dip is coming and we have to trade with caution. If Bitcoin can't make...