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A few thoughts on everything that happens on the chart.
On the daily chart of Bitcoin, the global countertrend was broken, at the moment the price reached $23.300 and I would like to notice that such a strong movement occurs on the weekend, one might say unexpectedly.
On the technical side: the structure that was formed for us in the range of $ 20,500-21,200 is definitely a bullish indicator, I spoke about this in a review on YouTube, and the breakdown of the global countertrend double indicates a change in trend, but the question is whether the buyer will be able to keep the price and gain a foothold above the global trendlines to push the price further, or is it just a manipulation to inflate even more fomo in people and make it clear that the BOTTOM was genuine?
Also, do not forget that next week will be strong on the fundamental, there will be many reports of large companies and I think that the giants' reports may not be entirely positive, this directly affects the stock market. So whoever catches FOMO now and thinks that the rocket flew away without him, I think it’s better to watch from the sidelines and wait for a correction from the data.
In the meantime, let's enjoy this crazy volatility in a place, we still have a hot week ahead of us, get ready!
A few thoughts on everything that happens on the chart.
On the daily chart of Bitcoin, the global countertrend was broken, at the moment the price reached $23.300 and I would like to notice that such a strong movement occurs on the weekend, one might say unexpectedly.
On the technical side: the structure that was formed for us in the range of $ 20,500-21,200 is definitely a bullish indicator, I spoke about this in a review on YouTube, and the breakdown of the global countertrend double indicates a change in trend, but the question is whether the buyer will be able to keep the price and gain a foothold above the global trendlines to push the price further, or is it just a manipulation to inflate even more fomo in people and make it clear that the BOTTOM was genuine?
Also, do not forget that next week will be strong on the fundamental, there will be many reports of large companies and I think that the giants' reports may not be entirely positive, this directly affects the stock market. So whoever catches FOMO now and thinks that the rocket flew away without him, I think it’s better to watch from the sidelines and wait for a correction from the data.
In the meantime, let's enjoy this crazy volatility in a place, we still have a hot week ahead of us, get ready!
