This is not financial advice. This analysis is a market movement and observation of the previous price drop from last year in the same months. My analysis is based on the psychology of the economy and market. This was Munihisa Honma's way of seeing the market written in his book. The validation was done with the following theory of my own market observation: 1....
Renko's analysis summarises the market emotion. By today even there is a dip in the market, the traders are keeping their fear aside as the market moves uptrend, sales/discounts happened time to manage your risk. Perhaps time to consider your position again. You might have missed all the opportunity waves, it's time to create your own opportunity. Cheer! Sokyu Honma
Trading is very emotional driven mostly, profit makes us accurate in achieving our target, I believe we can bring some people goodness and bring then to new range to play. In my humble opinion, 50K is a fair price of BTC A.T.M., we can start battle there again to test our accuracy and field targeting. What do you say? Give a comment if you agreed.
As clearly as you see in my TA (combined hundreds of signals). I'll have to rest my case for today haven't slept yet since I build this, have fun on the weekend with GREEN candies.
In history, Renko's chart has never failed. It teaches how do I see the market and set an expectation of how the market moves in future. In my previous entry to short the market from 63K to 41K Renko does play a role in it. Today I'm sharing the info hopefully you will find your golden ratio and holy grail on making this perfect.
Regardless long/short positions, you can see how these volatility create a mature market and sustainable. The resistance and support create a strong believe and that all Bitcoin need, "Trust" of the people. Happy discount.