3D timeframe is not as important as W, but much more accountable than 1D though when using it in our technical analysis
Let´s see what we have on here:
1. Stable descending trendline since 09.11.2021
2. Oversold
3. Negative volume bars descending
4. MACD ready to cross bullishly
5. VMCipher bottoms and confirmed blue flag (historically always led to rally - 110% by 07.21, 600% by 11.20, also in 2018 despite being in the bear market it led to 20-30% pump twice, go and figure it yourself)
So what we need:
1. Next 3D candle to be green and to close not below 38000
2. Ideally 41500 close
3. 44000-45000 would be insanely bullish short term
What we can expect then:
1. Pullback to 47000
2. 50000
3. 60000
If we just break 47000 and retest is as a support, it will be a chance for the recovery of bull market imho.
Stay safe, trade safe
DISCLAIMER: not a financial advice, just my personal perspective of the market
Let´s see what we have on here:
1. Stable descending trendline since 09.11.2021
2. Oversold
3. Negative volume bars descending
4. MACD ready to cross bullishly
5. VMCipher bottoms and confirmed blue flag (historically always led to rally - 110% by 07.21, 600% by 11.20, also in 2018 despite being in the bear market it led to 20-30% pump twice, go and figure it yourself)
So what we need:
1. Next 3D candle to be green and to close not below 38000
2. Ideally 41500 close
3. 44000-45000 would be insanely bullish short term
What we can expect then:
1. Pullback to 47000
2. 50000
3. 60000
If we just break 47000 and retest is as a support, it will be a chance for the recovery of bull market imho.
Stay safe, trade safe
DISCLAIMER: not a financial advice, just my personal perspective of the market