If it's still a bull market, what phase are we in? Of course, President Trump has complicated all this, as he is taking political and economic steps to stabilize the American economy. For example, the tariffs that he uses as a tool to achieve his goals faster. In other words, in trading terms, leverage. With those tariffs, he turned on the x100 lever and achieved in 2 days what could have taken several years to negotiate. And maybe another president wouldn't have succeeded at all. Of course, this has a negative impact on the market, as investors don't know what to expect from the market. That's why they are withdrawing their money from the market in general. The same applies to the stock market. Since America is the strongest economy in the world at the moment, this is also reflected in the world markets in general. Of course, crypto is taking the most of this, as it is a relatively young market and is still perceived as very risky. We are in a bull market phase, where we should be growing. But we are not growing because of such a strong fundamental. On the contrary, the market is bleeding. That's why everyone is arguing about whether we are still in a bull market. When I look at the Bitcoin chart, it seems to me that we are probably not in a bull market anymore.
Shown in different colors to be more visual, but I recommend that you take and copy the pattern through Bars and overlay, maybe you will notice something for yourself. Also taking into account that this is a classical pattern, there were ideas earlier on this pattern. Now the situation is short, very
Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Sell decision.
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ive been out the game for a while guys , but i have been lookin at xrp for for a little bit , this is what i see for short term.
This is my opinion of what I think will happen in March after February sell off. I have bullish bias for both indices and Bitcoin as long as 80K Level stays intact in case of BTC. Also RSI and Volume divergence can be seen for extra confirmation Disclaimer: Not a financial advice. Do your own analysis
Possible trajectory for BTC and altseason, reliefrally to the 1.618 and confluence with 2 other tendlines intersecting, ending an ABC correction from the downside or a 5 wave move but i expect an ABC. in both cases when it hits 1.618 target there will be a correction down again to 85K level and depending on volume a break towards lower lows in the 72-69K area. Also notice the neckline of the double top ( ON XRP its a HEAD and Shoulders) Targets are very low there, Trade safe,
This how market cycle works once all stocks or mother of stock blow off top it tends to dropp this drop if history repeat it self it drop to 2000 area to find support as per fibo retracement see chart areas to likely to trade
Like it? Based of of this post: https://www.tradingview.com/chart/BTCUSDT.P/OFh27TKK-BTCUSDT-LEVELS-FORGET-EVERYTHING-ELSE-AND-EVERYONE-ELSE-Tren/ 1.3 is 1.1 on CME. 1.0 bounce is a fib 1.0 from the last consolidation when the price was at 40k. Work it out trend based fib extension. Ok, the 1st part is 22 Feb 2024 low. Fib is drawn from low to high to low. :)
Looks like after we found the bottom, forming an inverse head shoulder pattern which is potentially a bullish/ reversal pattern. Follow for more tips.