Hello dear friends, I hope you are well
Today we analyze bitcoin in 3 days for long term
The price has been moving in 4 cycles for almost two years and we will examine each cycle separately
If you look closely at the first cycle and compare it to subsequent cycles, you will find that the beginning of 2021 was great for Bitcoin because it grew by almost 500% in 3 swings.
If you look at the second cycle, the price has risen at first, but later you realize that this is a trading range. In the trading range, there is a difference between the buyer and the seller.
After the failure of the trading range, the price enters a downward trend for a while and falls about 51%. You may think that this is too much and it is no longer possible for the price to return. In fact, this is not the case. It is necessary for the price and health of the market, although this decline did not happen easily, but the Central Bank of the Communist Party of China announced Buying and selling currency codes is strictly prohibited
This was one of the reasons why fear entered the market and the price entered a downward trend
In the third cycle, the price enters an upward trend. Banks and institutions intensively buy. Finally, the price grows by about 130% during the two ascending swings and forms a new ATH. Finally, buyers tend to buy in the range of 60,000 to 68,000. The dollar is completely lost, and organizations and institutions try to save profits and exit their transactions with a profit. Eventually, the price falls and continues to fall for a period of up to $ 33,000.
Buyers see the price range as an opportunity to invest and buy for a short time. The war between Russia and Ukraine has been going on for nearly two months, plunging the entire financial markets into fear. Secured assets, such as gold or oil, are why we are seeing them grow these days
On the other hand, the increase in interest rates by the Federal Reserve this month has caused this fear to continue
In general, I do not see good conditions for risky financial markets. On the other hand, the price is currently moving within a trading range, which is also a sign of the end of the downtrend and the beginning of a new cycle.
If the price wants to move as it did in the past, we should see an increase in the price of bitcoin in the coming days
cycle (1)
the price leaves the ascending triangle pattern and continues to fall to the bottom of the uptrend channel. Buyers could not cause the price to return. Finally, the selling pressure causes the channel floor to break and the price exits its uptrend.
cycle(2)
In the chart above, we see a downward pattern, which is a warning of the end of the uptrend. Eventually, the selling pressure of our high-demand area breaks and the price enters a downtrend.
After a while, the price moves in a trading range, which is a sign of the end of the downtrend
cycle(3)
In the third cycle, we see that buyers have made purchases and caused the downward trend line to break.
It has even formed a new ath
cycle(4)
Price After forming a new ath and testing the channel ceiling for the second time, the sellers started selling hard. The buyers did not have enough power to cut the price. It caused the failure of the canal floor and the end of the ascending process and the activation of stop-loops
The price has been moving in a trading range for some time, which could be a sign of a price reversal. It is very likely that we will be at the end of cycle 4.
cycle(5)
If the price wants to move as in the past, there is an uptrend after each downtrend
But given the current sensitive situation can not be completely sure
On the other hand, the war between Russia and Ukraine has caused great fear in the market
On the other hand, the increase in interest rates by the Federal Reserve this month has reduced liquidity
Today we analyze bitcoin in 3 days for long term
The price has been moving in 4 cycles for almost two years and we will examine each cycle separately
If you look closely at the first cycle and compare it to subsequent cycles, you will find that the beginning of 2021 was great for Bitcoin because it grew by almost 500% in 3 swings.
If you look at the second cycle, the price has risen at first, but later you realize that this is a trading range. In the trading range, there is a difference between the buyer and the seller.
After the failure of the trading range, the price enters a downward trend for a while and falls about 51%. You may think that this is too much and it is no longer possible for the price to return. In fact, this is not the case. It is necessary for the price and health of the market, although this decline did not happen easily, but the Central Bank of the Communist Party of China announced Buying and selling currency codes is strictly prohibited
This was one of the reasons why fear entered the market and the price entered a downward trend
In the third cycle, the price enters an upward trend. Banks and institutions intensively buy. Finally, the price grows by about 130% during the two ascending swings and forms a new ATH. Finally, buyers tend to buy in the range of 60,000 to 68,000. The dollar is completely lost, and organizations and institutions try to save profits and exit their transactions with a profit. Eventually, the price falls and continues to fall for a period of up to $ 33,000.
Buyers see the price range as an opportunity to invest and buy for a short time. The war between Russia and Ukraine has been going on for nearly two months, plunging the entire financial markets into fear. Secured assets, such as gold or oil, are why we are seeing them grow these days
On the other hand, the increase in interest rates by the Federal Reserve this month has caused this fear to continue
In general, I do not see good conditions for risky financial markets. On the other hand, the price is currently moving within a trading range, which is also a sign of the end of the downtrend and the beginning of a new cycle.
If the price wants to move as it did in the past, we should see an increase in the price of bitcoin in the coming days
cycle (1)
the price leaves the ascending triangle pattern and continues to fall to the bottom of the uptrend channel. Buyers could not cause the price to return. Finally, the selling pressure causes the channel floor to break and the price exits its uptrend.
cycle(2)
After a while, the price moves in a trading range, which is a sign of the end of the downtrend
cycle(3)
It has even formed a new ath
cycle(4)
The price has been moving in a trading range for some time, which could be a sign of a price reversal. It is very likely that we will be at the end of cycle 4.
cycle(5)
If the price wants to move as in the past, there is an uptrend after each downtrend
But given the current sensitive situation can not be completely sure
On the other hand, the war between Russia and Ukraine has caused great fear in the market
On the other hand, the increase in interest rates by the Federal Reserve this month has reduced liquidity
