Bitcoin has confirmed another fall scenario. This time I see the area marked by the yellow box as the return target of the bullish movement. This region marked coinscide with the new one in green that is part of the Ichimoku indicator and that can function as a support area. Another point that leads me to think about confirming this movement is the Weis Waves indicator, which has formed a bearish pattern that has not yet been concluded and with low effort from sellers, which shows little demand and a lot of Bitcoin supply at the moment.
Therefore, the next formation in the indicator will be the entry of buyers, which may cause accumulation and laterality, or a strong upward price impulse, resuming a possible test at the historic top. The WT_CROSS indicator also confirms the continuation of the bearish movement.
One more note: despite the fact that the price of Btcoin has been falling for days, many Altcoins have been gaining price and volume, which means that BTC is losing dominance and that if we are not yet, we will soon be in a fabulous altseaseon.
I point out that these are just my mistakes, not a financial recommendation
Therefore, the next formation in the indicator will be the entry of buyers, which may cause accumulation and laterality, or a strong upward price impulse, resuming a possible test at the historic top. The WT_CROSS indicator also confirms the continuation of the bearish movement.
One more note: despite the fact that the price of Btcoin has been falling for days, many Altcoins have been gaining price and volume, which means that BTC is losing dominance and that if we are not yet, we will soon be in a fabulous altseaseon.
I point out that these are just my mistakes, not a financial recommendation