Hello, dear friends, today we are at your service with expert analysis of Bitcoin from 2021 until now...
Our general trend consists of two upward cycle, each cycle is analyzed separately...
In the first cycle, the price increases by 255% during 4 upward swings
The first cycle consists of 32 bullish candles. Investors who had bought since the beginning of the year are now in good profit.
Now we will check all 4 swings based on price momentum and distance traveled
In Swing 1, the price grows by 132% during 28 ascending candles
In terms of momentum, the price has good upward momentum and in terms of distance, it has traveled a good distance
The second swing has grown by 92% during 25 bullish candles. In terms of momentum, the price has good momentum, but in terms of distance, the price has traveled a shorter distance than the first swing. It is clear that the price will rise more, and investors are less willing to buy.
In the third swing, the price increases by 39% during 16 bullish candles. Now compare the third swing with the second swing and the first swing. The higher the price, the higher the swings have traveled a shorter distance. It is clear that the purchasing power of investors is decreasing. Now we will check the fourth swing
In the fourth cycle, the price has grown by 28% during 20 ascending candles
Until now, we have seen a great reduction in the distance in the swings
If you pay close attention and compare the first swing with the second, third, and fourth swings, we can see a sharp drop in demand.
So far the price has shown evidence of weakness, but should we exit the trade or wait for the second confirmation
The second confirmation is the support area in case of failure
Now when you look at the chart, you can see that you should exit the trade
In the first stage, we see a decrease in demand during upward swings
In the second stage, we see the strong failure of the support zone
If you don't get out of the trade, you have to risk a big loss
Take a good look at the chart below. There are 8 buying areas in the price that banks, institutions and investment funds have bought.
About 255% of the buyers who made purchases in District 1 are in profit
Buyers who bought in area 2 are about 56% in profit
About 118% of the buyers who bought in District 3 are in profit
District 4 buyers are in about 15% profit
Buyers of District 5 are in 45% profit
The buyers of District 6 are in about 5% profit
Finally, the buyers of District 7 are about 25% in profit
About 255% of the buyers who made purchases in District 1 are in profit
After the failure of the support zone, all the buyers have exited their transactions, because of this, a sharp increase in supply entered the market, which led to a 55% price drop.
The price fell by 55% during the 97-day downtrend
Well, now we will examine the second cycle in a specialized way. After the price correction, this should have happened, whether it was necessary for the market in terms of time or price.
After the withdrawal of Bitcoin from the exchanges, we saw the entry of stable coins into the exchanges
Buyers have bought bitcoins in the area of 28,000 and 29,000 dollars
The second cycle has grown by 131% during 114 bullish candles in the daily time, which compared to the first cycle, we see a decrease in the upward trend.
In the second cycle, we have 3 upward swings, which we check based on momentum and distance in the chart below
In terms of the distance of the second swing, the distance has been less, the price has shown evidence of weakness, we have to wait for more confirmation.
In the first cycle, our support zone was broken with a strong bearish candlestick
Pay attention to the second cycle, exactly the same candle has been repeated for the second time, which has led to the failure of our ascending channel, this is the final confirmation to exit the transaction.
Everything boils down to the price
It has always been proven that the price repeats its previous movements
If you look at the fall of the first cycle, the price has fallen by 55% during 31 candlesticks in daily time
If you look at the fall of the second cycle, the price has fallen by 53% during the 28 candles
Compared to the first cycle, they are almost the same size, but the important issue is that in the first cycle, after the price revision, we have seen the price increase and the new ath
In the second cycle, after falling, the price enters a weak ascending channel
Most of the investors expected that the price has done its correction and we have to wait for the third cycle and a new ath
For a while, the price moves in a weak ascending channel
Finally, selling pressure from institutional investors leads to channel failure and a 53% drop
Most of the old investors have entered the surrender phase
The price has been controlled by sellers for a long time
In the previous cases, whenever they entered the surrender phase, after a period of time, investors have seen the price rise and enter an upward trend. We expect the price to enter a new cycle in the coming months.
Our general trend consists of two upward cycle, each cycle is analyzed separately...
In the first cycle, the price increases by 255% during 4 upward swings
The first cycle consists of 32 bullish candles. Investors who had bought since the beginning of the year are now in good profit.
Now we will check all 4 swings based on price momentum and distance traveled
In terms of momentum, the price has good upward momentum and in terms of distance, it has traveled a good distance
The second swing has grown by 92% during 25 bullish candles. In terms of momentum, the price has good momentum, but in terms of distance, the price has traveled a shorter distance than the first swing. It is clear that the price will rise more, and investors are less willing to buy.
In the third swing, the price increases by 39% during 16 bullish candles. Now compare the third swing with the second swing and the first swing. The higher the price, the higher the swings have traveled a shorter distance. It is clear that the purchasing power of investors is decreasing. Now we will check the fourth swing
In the fourth cycle, the price has grown by 28% during 20 ascending candles
Until now, we have seen a great reduction in the distance in the swings
If you pay close attention and compare the first swing with the second, third, and fourth swings, we can see a sharp drop in demand.
So far the price has shown evidence of weakness, but should we exit the trade or wait for the second confirmation
Now when you look at the chart, you can see that you should exit the trade
In the first stage, we see a decrease in demand during upward swings
In the second stage, we see the strong failure of the support zone
If you don't get out of the trade, you have to risk a big loss
Take a good look at the chart below. There are 8 buying areas in the price that banks, institutions and investment funds have bought.
Buyers who bought in area 2 are about 56% in profit
About 118% of the buyers who bought in District 3 are in profit
District 4 buyers are in about 15% profit
Buyers of District 5 are in 45% profit
The buyers of District 6 are in about 5% profit
Finally, the buyers of District 7 are about 25% in profit
About 255% of the buyers who made purchases in District 1 are in profit
After the failure of the support zone, all the buyers have exited their transactions, because of this, a sharp increase in supply entered the market, which led to a 55% price drop.
The price fell by 55% during the 97-day downtrend
Well, now we will examine the second cycle in a specialized way. After the price correction, this should have happened, whether it was necessary for the market in terms of time or price.
After the withdrawal of Bitcoin from the exchanges, we saw the entry of stable coins into the exchanges
Buyers have bought bitcoins in the area of 28,000 and 29,000 dollars
The second cycle has grown by 131% during 114 bullish candles in the daily time, which compared to the first cycle, we see a decrease in the upward trend.
In the second cycle, we have 3 upward swings, which we check based on momentum and distance in the chart below
In the first cycle, our support zone was broken with a strong bearish candlestick
Pay attention to the second cycle, exactly the same candle has been repeated for the second time, which has led to the failure of our ascending channel, this is the final confirmation to exit the transaction.
Everything boils down to the price
It has always been proven that the price repeats its previous movements
If you look at the fall of the first cycle, the price has fallen by 55% during 31 candlesticks in daily time
If you look at the fall of the second cycle, the price has fallen by 53% during the 28 candles
Compared to the first cycle, they are almost the same size, but the important issue is that in the first cycle, after the price revision, we have seen the price increase and the new ath
Most of the investors expected that the price has done its correction and we have to wait for the third cycle and a new ath
For a while, the price moves in a weak ascending channel
Finally, selling pressure from institutional investors leads to channel failure and a 53% drop
Most of the old investors have entered the surrender phase
The price has been controlled by sellers for a long time
In the previous cases, whenever they entered the surrender phase, after a period of time, investors have seen the price rise and enter an upward trend. We expect the price to enter a new cycle in the coming months.