Hello friends, I talked about a bitcoin theory similar to this chart before. Unfortunately, that theory has been cancelled, with the incoming 32,000 drop.
This was the last theory I followed. I have summarized the stages and the meaning of the movements for you below.
A: Signal that the downtrend is over
B: the cause generation zone for ascension (triangles/shoulder starts etc.) this phase is considered by the institutions as the position accumulation area. this phase is the long phase of accumulation. transitions to C phase after a quiet period
A: In this phase, the market is tested. The bear trap is set and they want to scare you with the start of trend towards support. In short, this is the last opportunity.
D: The bear trap ends and the resistance is tested. With the closing above the resistance, the buying phase is entered. This is the ideal spot for purchase.
E: It is considered as the low of corrections where the uptrend starts with the arrival of purchases. Big purchases usually come here...
SC Selling peak: The point at which widening spread and selling pressure usually peaks and where heavy or panicked selling by the market is absorbed near or at the bottom by the larger professional interests.
ST Second test: price revisits SC area to test supply/demand balance at these levels. If a bottom is to be confirmed, the volume and price spread should be significantly reduced as the market approaches support in the SC area.
Testing: Market makers always test the market for supply at key points. If a test reveals substantial supply, the market is often not ready to go bullish. A successful test (indicates further price increases to follow)
SOS power sign: Called the region where we could see a high volume price increase
LPS last support point: The lowest point of a reaction or pullback after SOS. The point that was resistance before turns to support.
In conclusion, this is an analysis approach. It may not do 100% the same moves. please do your own analysis and make your own commercial decisions...
You can write your criticism and comments under the share...
If you think the theory is correct, I would be glad if you share it with your friends and like the graphic :)
Of course, if you follow me, I would also be happy :)
This was the last theory I followed. I have summarized the stages and the meaning of the movements for you below.
A: Signal that the downtrend is over
B: the cause generation zone for ascension (triangles/shoulder starts etc.) this phase is considered by the institutions as the position accumulation area. this phase is the long phase of accumulation. transitions to C phase after a quiet period
A: In this phase, the market is tested. The bear trap is set and they want to scare you with the start of trend towards support. In short, this is the last opportunity.
D: The bear trap ends and the resistance is tested. With the closing above the resistance, the buying phase is entered. This is the ideal spot for purchase.
E: It is considered as the low of corrections where the uptrend starts with the arrival of purchases. Big purchases usually come here...
SC Selling peak: The point at which widening spread and selling pressure usually peaks and where heavy or panicked selling by the market is absorbed near or at the bottom by the larger professional interests.
ST Second test: price revisits SC area to test supply/demand balance at these levels. If a bottom is to be confirmed, the volume and price spread should be significantly reduced as the market approaches support in the SC area.
Testing: Market makers always test the market for supply at key points. If a test reveals substantial supply, the market is often not ready to go bullish. A successful test (indicates further price increases to follow)
SOS power sign: Called the region where we could see a high volume price increase
LPS last support point: The lowest point of a reaction or pullback after SOS. The point that was resistance before turns to support.
In conclusion, this is an analysis approach. It may not do 100% the same moves. please do your own analysis and make your own commercial decisions...
You can write your criticism and comments under the share...
If you think the theory is correct, I would be glad if you share it with your friends and like the graphic :)
Of course, if you follow me, I would also be happy :)
Trade active:
Good :)
Trade active:
We are in the LPS area of phase D. If the theory will deliver what is expected, the next weekday D phase will not be enough to enjoy.
SOS Loading...
SOS Loading...