If the mentioned valley does not form in the circle specified in the previous analysis that is linked , you can continue the process according to this analysis. If the desired valley is created, the fall in prices will be delayed and there is a possibility of rising again to higher prices. Based on the standard deviation method and with the help of Bollinger...
To detect the fall of bitcoin, For a few days, place the circle marked on the chart under a magnifying glass. A hollow golden circle is shown in the chart. If, during this time that bitcoin is moving towards 41,000, the Bollinger Band, which represents the mean with a deviation from the standard, can not find a valley in the upper band, in the empty circle, To...
Bitcoin is at the last point of the uptrend cycle from the 30,000 drop and will soon see a drop to the 27,100 price. After reaching this price, the second cycle of climbing to 69900 will begin.
According to the method of deviating from the data standard, Bitcoin today returns to the range of 39400. And the downward trend starts towards 32700, it should be noted that according to the points traced in the previous movements, this movement will have more speed and slope. Reaching the 32700 area will return to the 36000 area again, and eventually reaching...
According to the deviation method, bitcoin will be supported in the 39600 area and will return to the 42250 area. And in the next wave, it falls to the 38400 area for the last time. Based on this method, the pullback will be a rapid ascent to the area of 70,000. And finally return to the ascent area of the last two waves, ie the range of 21000
Pullback to the previous uptrend Re-growth up to the range of 1.4 to 1.6 and then falling to the base level of the previous wave. In the 4 hour chart you can see the previous uptrend. After falling from the highest point of the previous wave, the ascending wave of the previous wave pulse should be formed. In the second wave, it will see price growth in the range...
Be careful, this is a pullback to the previous ascending waves. The entry point of the next climb is 2.89. In the diagram, the two waves A and B are separated by a dashed line. Both of these waves were ascending, so after falling to the starting level of both waves, the value of 2.98, two ascending pullbacks should be made to Line A for wave A and to Line B for...
Based on the Bitcoin pullback to the range of 42000, the price growth up to the range of 4.10 for GMT in the next 12 hours can be considered.
According to the method of deviating from the Bitcoin, after returning to the price of 38,000, it will start moving up to 55,500 in the next two weeks. And will have a correction to the range of 49,400.
These three positions are available for GMT based on Bollinger Bands analysis: First drop to 3.09 Pullback to 3.19 Fall again to 2.98 And start moving towards 4.75 and the new ATH
Bitcoin will hit the 43200 area again at the end of today, after which we will have a 24-hour downtrend to the 36100 area. After this fall, the movement towards 52,000 will start again.