in this analysis, we get a general view of Bitcoin.
In the previous analysis, we determined the bottom of Bitcoin and the price moved upwards from the same bottom.
As more data appears on the chart, it can be said that Bitcoin has started a complex correction.
We have specified two supply and demand areas.
If the price reaches supply, we will look for...
From where I inserted "Start" on the chart, it seems that the price entered a correction.
This correction is a triangle or a more complex pattern (diametric or symmetrical).
From the green area, it can move towards the targets.
Closing a daily candle below the invalidation level will invalidate the analysis
For risk management, please don't forget stop loss...
By examining the ORDI waves, it seems that the large and upward wave C has ended and the price has entered a large correction.
The supply range is the range where we expect downward price rejection.
The target on the chart is the SS line (Static Support).
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please...
This is an update to the analysis you see in the "Related Ideas" section.
Before anything else, you should know that in the previous analysis, we warned that the momentum pump is high and we need confirmation to take a sell/short position. No bearish confirmation was issued and the new daily candle closed above our invalidation level
The previous analysis was...
The index is expected to fluctuate in the current resistance range. Then it is expected that the change of trend will be formed and we will witness the beginning of the downward trend
The uptrend is expected to advance to the indicated resistance levels. Then it is expected that a trend change will be formed in this range and we will witness the beginning of the downward trend
It is expected that a trend change will be formed in the current support range and we will witness the beginning of an upward trend. Breaking the resistance trend line will confirm the upward trend
It is expected that a trend change will be formed in the current resistance range and we will see the beginning of the correction process.
If the price crosses the resistance range, the Fibonacci levels can be suitable ranges to end the uptrend
It is expected that some fluctuation and rise to the resistance range will be formed and then a trend change will be formed and we will see the beginning of the correction process.
According to the behavior of the price at the support levels, the continuation of the movement will be according to the specified paths
It is expected that the price will fluctuate in the current support range and then we will see the start of an uptrend.
By crossing the 61.8% level, it will be possible to continue the downward trend to the indicated support levels.
It is expected that a trend change will be formed in the current resistance range and we will see the beginning of the correction process. Crossing the support trend line will be the confirmation of the correction trend
It is expected that the price will change the trend in the current resistance range and continue the corrective trend.
If the price crosses the 78.6% level, the continuation of the movement will be according to the blue path
It is expected that after some upward swing, the continuation of the downward trend will be formed.
If the price crosses the green resistance range, the upward trend is likely to continue
This is an update to the analysis you see in the "Related Ideas" section
Our diametric E wave ended exactly in the red box. We expect the price to move from the red supply box to the green range.
Flip line is a strong support. Be careful with this line. For now, we should expect a drop until TP 1.
When we reach the first target, save some profit and then change...
Warning: Pump momentum is high, get confirmation for sell/short positions.
From where we inserted "START" on the chart, it looks like a big triangle.
We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric.
We are looking for sell/short positions on the red range.
Closing a daily candle...
From where we entered "START" on the chart, it looks like a big correction has started.
Now it seems we are in wave C of this correction. The price can go up from the green box, for wave D, to the red box.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When...
