You are mistaken my friend!
It does not correlate with Bitcoin (lack of knowledge!).
UST is more in step with the stablecoin market.
How much you’d have today if you invested $1000 in bitcoin in 2011? ($ 2,000,000,000 )
Running Flat (a):
Wave B = 123.6% of wave A,
Wave C = 100% of wave B,
Running Flat (b):
Wave B > 105% of wave A,
Wave C = 61.8% of wave B,
What might this be?
Wave B < 85.4% of wave A ---> Zigzag
Target: $ 24500
Stop loss = $ 21800 (Flat & Wave B > 123.6% of wave A)
Rule No. 3 (Everything I had to know): It takes two points to draw a trend line (the price will reverse at that point- Bears about to get REKT) and the third point confirms the breakdown (Bulls about to get REKT)!
It can be difficult at times to fit incipient waves into recognizable patterns until they are completed and behind us. I think we’re close to that point.
On the daily chart, it looks like a double zigzag pattern* (WXY), If I am right, the "double zigzag" can be counted as complete. continuing to rise after...
Rule No. 1 : Bullish ( Bearish ) patterns should be recognizable,
Rule No. 2 : When the public thinks its right, its wrong (what this rule says is: Most lose, Some win) ,
Daily time frame:
What you have here is very simple to understand.
Volume and price action will usually show where the phase began and ended.
As shown in figure, the maximum selling pressure is equal to 150,000 (BTC per day).
19 May 2021, selling pressure (354,000 BTC) ---- > 13k ($ 13,000) (price drop in a day)
8 Jul 2022, , selling...