Hello friends
This is a general analysis that gives us a broad view of market conditions.
If we look at the RSi as well as the MFI, we see that after almost three years, we have reached the saturation zone.This is not good in the long run because these saturated areas have to change and this creates a price trap.
Also, the current price area has been touched about three times, but it has never been saturated.
If we look at Elliott Waves, we find that we are in a medium-term period in which prices are correcting
(But in my opinion, in the long run, we are still in wave 4)
Also, when the price of the historic ceiling broke $ 20,000, we did not see any touch again and pullback (Goodbye kiss)
So in general we are still in a small cycle in a downward trend and a price correction of up to $ 33,000 to change saturation zones is likely.
And this will create a phase change trend.
So it is possible that we will see an unexpected correction up to the price of 33k.
And we will find out when the price really intends to return to higher ceilings, which will stabilize the price at 35 before falling to 24.
This will be a lot more scary and confusing, because the pullback will still be $ 19,000.
Share your comments and questions with me under this post and also support me by liking
This is a general analysis that gives us a broad view of market conditions.
If we look at the RSi as well as the MFI, we see that after almost three years, we have reached the saturation zone.This is not good in the long run because these saturated areas have to change and this creates a price trap.
Also, the current price area has been touched about three times, but it has never been saturated.
If we look at Elliott Waves, we find that we are in a medium-term period in which prices are correcting
(But in my opinion, in the long run, we are still in wave 4)
Also, when the price of the historic ceiling broke $ 20,000, we did not see any touch again and pullback (Goodbye kiss)
So in general we are still in a small cycle in a downward trend and a price correction of up to $ 33,000 to change saturation zones is likely.
And this will create a phase change trend.
So it is possible that we will see an unexpected correction up to the price of 33k.
And we will find out when the price really intends to return to higher ceilings, which will stabilize the price at 35 before falling to 24.
This will be a lot more scary and confusing, because the pullback will still be $ 19,000.
Share your comments and questions with me under this post and also support me by liking
