Bitcoin
Short

Capitulation is coming

Aggiornato
Currently we could be in wave III.
If BTC breaks through $ 8,900, we'll see a big fall.
If the BTC does not exceed 10500, the analysis is still valid.
Nota
In both charts, we are already below the trend line. This suggests a coming crash.
Logarithmic chart
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Linear chart
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Nota
BTC tested the MA 50 Daily (MA 300 4h), MA 200 4h and the declining trend line as well as the growth trend line from below. Furthermore, we can observe a descending triangle formed by a thin dashed line and a blue horizontal line (Accumulation stop loss).
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Nota
Dominance BTC is in the key zone.
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Nota
BTC still failed to return above the dashed trend line.
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Nota
Bullish signal? We haven't created a higher high yet. But Ethereum has already created a higher high. It is therefore likely that BTC will soon create a higher high as well. Then we can talk 100% about the bull run.
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Nota
Bull market start now.
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Elliott WaveMoving AveragesTrend Lines

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