At the level of volatility Bearish outlook for #BTC
Personally, based on specific fragments of #bitcoin's history, I find a very particular plot in the year 2017 on which I base my analysis to demonstrate a possible development in the price. looking for key points such as USDT 38,888, and 24,777.
I do not call it a downtrend in the range which I analyze #Bitcoin, it is a correction of the uptrend, which is a natural environment of the market developing under the theory of the books. It would be a great thing. Where I would not hesitate for a moment to buy. #BITCOIN #HOLD # 2142
Volatility at this point can be strong, thanks to the rise of new #bitcoiners and those that have yet to enter the market. they will make the market fluctuate in higher ranges.
Seeing throughout how the price has been increasing fast, volatile that only those who take time and project their point well can be widely abundant.
Finally, it is a booming market that is growing very fast, with very futuristic projects, which is really what we should look at when investing in helping to build a better world. where we have the possibility to support ideas that are really worthwhile for the planet.
Maybe if you are richer in the future for knowledge.
Personally, based on specific fragments of #bitcoin's history, I find a very particular plot in the year 2017 on which I base my analysis to demonstrate a possible development in the price. looking for key points such as USDT 38,888, and 24,777.
I do not call it a downtrend in the range which I analyze #Bitcoin, it is a correction of the uptrend, which is a natural environment of the market developing under the theory of the books. It would be a great thing. Where I would not hesitate for a moment to buy. #BITCOIN #HOLD # 2142
Volatility at this point can be strong, thanks to the rise of new #bitcoiners and those that have yet to enter the market. they will make the market fluctuate in higher ranges.
Seeing throughout how the price has been increasing fast, volatile that only those who take time and project their point well can be widely abundant.
Finally, it is a booming market that is growing very fast, with very futuristic projects, which is really what we should look at when investing in helping to build a better world. where we have the possibility to support ideas that are really worthwhile for the planet.
Maybe if you are richer in the future for knowledge.
Comment:
Price: divergence against RSI and MACD by the strength of the movement
Price in the form of a wedge.
Price has touched the target support of the rate, know perfect technical analysis this would be the original price. seeing that new investors have arrived in the ecosystem and have given greater liquidity, they brought the price to double the target (cup and handle theory) in 2021.
RSI: Below 50 Diverging with the price at the 42.12 zone, important support.
MACD: Histogram growing negative, MACD line reaching 0
Looking for $ 24,777, there is still the GAP, Fib retracement 0.61, psychologically this support point is quite strong.
Graph 1 M shows a clear cycle and strong downtrend, following the development of this cycle and where it will look for the support that will write the history and technically indicate a next big movement according to the price at which the support forms.
Price in the form of a wedge.
Price has touched the target support of the rate, know perfect technical analysis this would be the original price. seeing that new investors have arrived in the ecosystem and have given greater liquidity, they brought the price to double the target (cup and handle theory) in 2021.
RSI: Below 50 Diverging with the price at the 42.12 zone, important support.
MACD: Histogram growing negative, MACD line reaching 0
Looking for $ 24,777, there is still the GAP, Fib retracement 0.61, psychologically this support point is quite strong.
Graph 1 M shows a clear cycle and strong downtrend, following the development of this cycle and where it will look for the support that will write the history and technically indicate a next big movement according to the price at which the support forms.
Comment:
24.777 ......