1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range.
2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern, in which the sides AB=CD.
However, if we look at it from...
1️⃣ The downtrend (following Dow) is still dominating the GU chart on the D1 time frame chart.
However, if we look at the H4 time frame chart, we will see that the price line has formed a bottom divergence. And the current price line is correcting.
At present, it is easy to see that the price line has formed a very basic pattern of Heads and shoulders
✡️ At the end of June 2021, I predicted the last correct BTC according to the prediction (time). Thereby creating an equilibrium with strong price in this area (29k-35k).
1️⃣ After creating the double top pattern, BTC reversed and the price is now responding to the previous balance area (32k).
From the point of view of ichimoku BTC is currently on the cyclical...
1. In terms of PA (price action) Currently, the price line has broken through the 93.6x area, officially forming a structure of increase in LL Dow Dow uptrend theory.
2. Considering Ichimoku:
- The price line is currently fluctuating in a 23-day cycle
- The confirmation wave is wave N2 that can move up until October 5, 2020
- The upper indicator has created a flat...