When we look at Bitcoin's past, we see a channel that has shown repetitive reactions at critical points.
As you can see in the chart Whenever the price hits the middle line of the channel, it reacts ;
- Whenever the price hits the middle line of the channel, Reach to Over Sold Area and Correct it with a little Red Candle
- At all specified intervals, the chart corrects some of its rapid motion with a slight downward movement ( in the middle line of the
channel ).
This correction always occurs between 23.6% to 50% Fibonacci levels. Just like a spring, the higher the correction, the more powerful the
price climb .
- In all previous periods, the highest bitcoin price occurred after the Break of the middle line of this channel.
- In all ATH Prices in the past, RSI reached at the over sold area again and complete Divergence pattern , then fall from high And enters a
long-term correctional wave .
- When the price reaches the middle line of the channel and intends to correct itself, the Altcoins season arrives. Altcoins can grow after
getting rid of bitcoin fluctuations.
So be careful ; we may see a quick or slow correction. Whatever it is, we can invest in alts until bitcoin reaches the end of this correction period. This method reduces the investment risk.
Take Care .
Share me Your Ideas .
Thanks .
As you can see in the chart Whenever the price hits the middle line of the channel, it reacts ;
- Whenever the price hits the middle line of the channel, Reach to Over Sold Area and Correct it with a little Red Candle
- At all specified intervals, the chart corrects some of its rapid motion with a slight downward movement ( in the middle line of the
channel ).
This correction always occurs between 23.6% to 50% Fibonacci levels. Just like a spring, the higher the correction, the more powerful the
price climb .
- In all previous periods, the highest bitcoin price occurred after the Break of the middle line of this channel.
- In all ATH Prices in the past, RSI reached at the over sold area again and complete Divergence pattern , then fall from high And enters a
long-term correctional wave .
- When the price reaches the middle line of the channel and intends to correct itself, the Altcoins season arrives. Altcoins can grow after
getting rid of bitcoin fluctuations.
So be careful ; we may see a quick or slow correction. Whatever it is, we can invest in alts until bitcoin reaches the end of this correction period. This method reduces the investment risk.
Take Care .
Share me Your Ideas .
Thanks .