Read Until the End if you want to Know why we are Experiencing this Deep
The graphic is a Visual Representation of the Amount of Days Took the Price to hit 150 Level
(You Can call it overbought, Bubble, Price Over Extended,
You Name it!!)
and the Mid Level of 97.50 Representing the Point when Hit and Break Below 97.50 Area to Comeback in the Future to Break Above and Consequently Reach Again 150 Level
and the Lower 45 Level (Oversold Area)
"But First we Need to Be Patient and Wait if Hit the Mid Level and Break Below of 97.50 🔍 and Find Support Touching the Ascending Trend Line 🔍to Make a Better Conclusions"
The 82 Days is Only the Possible Frame Time of Days will Take to Reach Back the Mid Level and Must Break Above to Consequently Reach again 150 Level
One Thing that We Dont Want to See in the Furfure is a Long Extension of Period Above the 150 Level Otherwise We will Experience the Same Pain of this Days But is Not up to us, is up to the BIG WHALES!!
Check my Technical Analysis I Shared with you on May 2, and May 3, and Find Out when I Predicted the Posibles Drops of Bitcoin and Ethereum.
I Do Not Expect from you to Be Agreed with me, But if you are, Give the Technical Analysis a Thumbs Up
Bitcoin NVT Ratio
Value of Network or Market Cap Divided by the Daily Transactions.
Bitcoin Terms
Number of Bitcoin in Circulation Divided by the Amount of Bitcoins Transacted During that day, (one day)
The graphic is a Visual Representation of the Amount of Days Took the Price to hit 150 Level
(You Can call it overbought, Bubble, Price Over Extended,
You Name it!!)
and the Mid Level of 97.50 Representing the Point when Hit and Break Below 97.50 Area to Comeback in the Future to Break Above and Consequently Reach Again 150 Level
and the Lower 45 Level (Oversold Area)
"But First we Need to Be Patient and Wait if Hit the Mid Level and Break Below of 97.50 🔍 and Find Support Touching the Ascending Trend Line 🔍to Make a Better Conclusions"
The 82 Days is Only the Possible Frame Time of Days will Take to Reach Back the Mid Level and Must Break Above to Consequently Reach again 150 Level
One Thing that We Dont Want to See in the Furfure is a Long Extension of Period Above the 150 Level Otherwise We will Experience the Same Pain of this Days But is Not up to us, is up to the BIG WHALES!!
Check my Technical Analysis I Shared with you on May 2, and May 3, and Find Out when I Predicted the Posibles Drops of Bitcoin and Ethereum.
I Do Not Expect from you to Be Agreed with me, But if you are, Give the Technical Analysis a Thumbs Up
Bitcoin NVT Ratio
Value of Network or Market Cap Divided by the Daily Transactions.
Bitcoin Terms
Number of Bitcoin in Circulation Divided by the Amount of Bitcoins Transacted During that day, (one day)
I Would Say NO!!
THIS IS A MID CYCLE DEEP