Based on my analysis, I believe the following scenario is the most probable for the coming weeks. From a fundamental analysis perspective, it appears that the Federal Reserve (FED) is likely to maintain it's rate for the following months and later on. But on the other hand, the European Central Bank (ECB) may continue to decrease it's rates consecutively. Given...
A bearish wave toward 31000... look at the RSI divergence and the TT pattern in the price chart. the trend line will be broken soon and seemingly a pull-back will be followed, before the outbreak of a sharp downfall.
As you can see, there are some undeniable signs of a running downtrend:
1. first of all, the price chart crosses Bollinger's moving average, which in all previous cycles leads to the continuation of the downtrend.
2. Bolinger lines "over-extended" downward, which according to previous cycles, indicates the end of the pump phase.
3. the time duration of RSI...
After the target I mentioned in the previous analysis is successfully attained, we have this analysis... As I displayed in the chart, there are only two reasonable scenarios for bitcoin and the crypto market as a whole. the paths I drew could Stretch a bit more toward time or price dimensions, but here the ultimate pattern is intended. after the price chart...
I try to using long-term trend analysis to determine the next cycle's target. it is evident that price cycles are diminishing in each term and time cycles vice versa.
