has already dropped local overheating, and is ready to start a new cycle. is similar.
By the principle of inertial analysis, we are also in the balance stage, and the level of success (7200) has not yet been broken, moreover, we have not even approached it. All this structure also resembles a triangle, or at most a flag.
The only thing that really bothers me is a analysis of weekly TF, there we have a whole set of reversal patterns: Rickshaw (a type of , and absorption)
However, we also see a similarity of the “Clearance in the Clouds” model - this is a reversal model, and it is desirable for us to close the week above 8100, so that there is more confidence in the strength of the bulls, and reduces the value of previous models.
Let's go back to VSA (we will then make a small article on this type of analysis) we see that all the straits are redeemed at an increased , followed by a candle up, based on the theory - the market maker picks up a position about smaller players, giving them the opportunity to sell. After this process, growth usually follows, since all the interest of the seller was bought out in the flat, and in the future just no one will sell the asset, which will give him the opportunity to grow further.
I don’t see in this flat range a shopping climax, and this may in part be the distribution stage, this is indicated by increased volumes on candles, but we cannot get into the heads of the owners of funds and banks, and find out their goals. We only see what the chart shows us, and I don’t see anything SHORET personally.
Bitcoin is in the correction for the decline, it only changes the trends.