Hello traders!
BTC is finally moving towards the true reversal point and it's very close to touching the 41575 true reversal point. I am expecting BTC to move up exactly from there. There can be a calculation error and the calculation error can not be more than the +-50$ range. This means the range of reversal point is 41525-41625.
This is not the 100% accurate strategy so in any case, if BTC somehow breaks 41525 then we will see BTC dip deeper and it will touch 41092 True reversal point. BTC might move towards the second TR point within the next few candles but most probably we will see some retracement towards 42-43K then we will see a dip that will touch 41092 and that will be the bottom of the bearish move.
The rise after a failure of the first true reversal point happens because the market will form a reaction pattern that will push it back and it will be a fake pump.
The market cannot save itself from the true reversal point strategy as it is designed specifically for these kinds of down movements so that we can avoid fake bullish runs and we can catch the perfect bottom.
BTC is finally moving towards the true reversal point and it's very close to touching the 41575 true reversal point. I am expecting BTC to move up exactly from there. There can be a calculation error and the calculation error can not be more than the +-50$ range. This means the range of reversal point is 41525-41625.
This is not the 100% accurate strategy so in any case, if BTC somehow breaks 41525 then we will see BTC dip deeper and it will touch 41092 True reversal point. BTC might move towards the second TR point within the next few candles but most probably we will see some retracement towards 42-43K then we will see a dip that will touch 41092 and that will be the bottom of the bearish move.
The rise after a failure of the first true reversal point happens because the market will form a reaction pattern that will push it back and it will be a fake pump.
The market cannot save itself from the true reversal point strategy as it is designed specifically for these kinds of down movements so that we can avoid fake bullish runs and we can catch the perfect bottom.