Not far from the end of the BTC bear market, zoom in to see it on big picture!

Not far from the end of the BTC bear market, zoom in to see it on big picture!


 

- We are currently on a quarterly 3M green candle to end the summer, but it may end in a red with a wick for a Long Squeeze, and it will be 3 red candles which is the maximum.
- Possible return of buyers in the last quarter around the beginning of October until the end of December, if not at the beginning of next year with a new historical record of 4 red candles 3M (a year in the red)!!!

Note: Speculating on time alone is not enough, crossing multiple indicators increases the rate of success.


- The Fibo based on the trough of the bear market and the top of the last ATH like ours at $69,000 and $3,120 in the previous bear market
- The first 2 cycles we did not even reach 38.2% fibo, and the 3rd cycle we reach 38.2% fibo for the first time.
- During our bear market cycle, I ask myself the question, will we not test the 50% fibo around 14.7K for a final bull trap and liquidate the maximum before the real trend reversal?

- The RSI is on the 50 level for the first time in its history via the 3M candles.
- Hidden bullish divergence on the RSI with a price making lower highs and the RSI making lower lows.

https://www.tradingview.com/x/f2WU42GN/ 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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