Logarithm. Time frame 1 day. Accumulation zone. Horizontal channel with the step of 63% more than 9 months. The price is at the breakpoint of its resistance.
This is how the channel looks like on the line chart.
Close to an identical trading situation in the past. Time frame 1 day.
Local trading situation a few days before the Fed % rate meeting (medium-term direction of all markets). Bitcoin in the clamping 26-28 thousand. This clamping is above the resistance (25211.32) of the accumulation channel for 9 months.
If we look purely at the TA formations, we have formed a large expanding triangle, which, in case of an upward breakout, can become the canvas of an upward pennant. If downwards (movements within the formation), then to the upper zone of the accumulation channel, then with a high degree of probability a return back.
If you are trading locally or medium-term, then remember that the average price of a set is about $20,000. Long term, you don't have to worry about it at all. Like before the old big bull cycle 3200 or 3800 or 5000 to reset $40,000
With a high degree of probability, “stick” resets like 03 2020 (probability no more) can be under events, but after them the same lightning-fast recovery. Especially at a time where distrust is stimulated in the former financial system and methods of preserving the value of labor (banks, liquidation of cash, inflation).
Nota
Situación del comercio local en este momento. Gráfico de líneas para mayor claridad. Bitcoin sigue en zona de compresión a pesar del lanzamiento de un FUD masivo sobre la criptodivisa. Niveles locales importantes de los que dependerá el desarrollo de la tendencia a medio plazo y las zonas de stop en el gráfico.
Tenga en cuenta qué tipo de FUD comenzó en TRON.
💰Tampoco olvides que la blockchain más popular para las transacciones de #USDT stabelcoin (miles de millones de masa monetaria) es la red #TRON
🏛Recordad el criptojuan offshore de USDT sobre la blockchain #TRON y el abstracto fud 28 01 2023 de Justin Sun sobre la adopción de TRON y sus tokens a nivel oficial de un "país importante
Nota
4. 4. 2023. Bitcoin price is further at the top of the local trend when exiting the accumulation in the so-called "saw". That is the division of the community into "bulls" and "bears". Gathering liquidity at the expense of short stop losses in logical and understandable zones. Short stops for traders are not a significant "loss", if the shoulders are adequate, but it should be understood that the majority are not traders, and they are governed by banal greed. Therefore, in such zones, on such an insignificant at first glance "dust" and makes a large profit.
Politics. Astrology. Psychology. Manipulations.
I put major financial and political planned events on the chart, as well as astrological events (collective unconsciousness) that may affect the markets (not just bitcoin). The first and second are closely related. Locally you can also apply the phases of the moon, I didn't do that so as not to clutter up the chart.
Locally will be a pain for everyone. Medium term I think it is clear how the trend will develop.
Nota
+7.44% of the clamp resistance level 28390 Exit from the price clamp zone 10 04 23 (yellow arrow) The price is now 30088.13.
This squeeze will now locally serve as a strong mirror support level. All the time in this squeeze zone in the narrow bitcoin price range, many large and medium wallets were adding to their balances (rebound position).
On the 12th, important macroeconomic data on US inflation levels (most likely to be positive or “stable”), as well as ETH network update (here they can play as they wish on profitability).
Nota
Local pullback from the resistance zone 31 327. The stop zones are shown on the chart. As well as events that may affect the price.
Nota
Time frame 1 hour. Ahead of the 20 04 time zone. Be careful in the near future. Who trades locally or on futures can make significant profits on volatility.
Nota
time frame day. The price entered 1 short stop zone reaching the price of 27300. -9% from the reversal. Time zone of the local cycle of the eclipse of the sun (time of reversal).
I purposely showed a line chart for clarity instead of a candlestick chart to show the fractal structure in an uptrend. I will tell you more about the local reversal zones in more detail in the voice message.
Nota
Nota
From a tight price range (consolidation) of 27300-28390.10 Impulse. Pullback. Thus formed an interesting "helicopter" on the 1-day time frame + 10.36% from the 27,300 level to 30,770.76. Stop-losses on both sides were liquidated.
Now the price is back to the breakout zone, i.e., 28390.11. In this zone and decides what will be the further development of the local trend (fixing / not fixing the price).
Nota
Growth of the price to the level of 30077.76(13) and from it the pullback. Now the price is held above the level of 28390.11 and along the meridian of the uptrend channel. An important moment for the markets and for bitcoin. U-turn zone.
Falling price - embodiment of the fractal channel structure as before 92 stop zones) Growth of the price - the first local target to the channel resistance.
The percentages from this zone from the key levels (decoupling) are shown on the chart.
It's worth noting that some major market participants have transferred substantial amounts of stabelcoins to exchanges. For example, Justin Sun 56 million. Consequently, strong price movements are expected in the near future.
Nota
Broke through the local support of the level 28390.11 (28/3/911) now the price has reached the level of 27300 (273). This is the first zone of short stops into the long.
Nota
Local work. The downward corrective movement continues. The price has almost reached the first target short zone - 6.69% level 26462.44.
The next local short stops zone behind it. The potential of this channel in the case of a reversal is shown. Logically, if it happens, the first local target zone is the mirror resistance level 28390.11
Alts are also declining after bitcoin, many have almost reached (from the middle accumulation channel zones) their channel supports. I advise to take a closer look. Remember, there may be a carry (not necessarily) in the stop-loss zones (this almost never happened), so use it and do not be afraid. Work in parts, respecting the risk management without margin (this is important, very important).
Nota
the price reached the level of 26462.44 and from there in a narrow range of 3.17% to the level of 27300 by orders on all liquid exchanges have squeezed the bitcoin price for 11 days.
The percentages from this price squeeze zone to local support/resistance levels are shown on the chart.
The altcoin market similarly stands at the lower zones of its accumulation channels. In the zones of long stops almost anywhere the price was not directed (not necessarily).
Nota
price at resistance of the 16-day clamping zone 3.17% level 27 300
Nota
exactly +7% squeeze to the level of 28390.11 (the second short stop short zone) and now a pullback from it.
Nota
Under FUD on the Binance exchange moved the price down from the 27300 zone. Now we have reached the second liquidity zone of stops 25268.18 (24650.15). So much for the sold 80 stone). Let's go market substantial liquidation while long. Then when everyone jumps into shorts, it will be the other way around.
On the alts, which, as a rule, near their supports of long-term accumulation channels, similarly, all the stops in the long are knocked out.
Nota
Entering the stop zone and collecting liquidity. A bullish takeover on the Japanese candlestick. Price returns to the 273 level (27,300). This is how manipulative news and cryptocurrency haircuts work).
Nota
Logarithm. The time frame is 3 days. Uptrend channel. Local descending channel. Pivot area. Linear price chart for clarity (without “market noise”).
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.