[10/18] Beast Trading _ Today's Bitcoin Analysis
Bitcoin Analysis
Bitcoin analysis.
After a long weekend of crosswalks, a little fluctuation began yesterday. The direction I showed you yesterday was above, and it seems that the NASDAQ rose almost 4%, and Bitcoin/Etherium rose along with it.
Currently, the market seems to be focusing on the fact that the announcement is over rather than the CPI announcement index.
It seems to be taking it as the disappearance of materials that will fall strongly and rising, but we don't know how far this upward rally will go.
In the current situation (blue triangle section) it appears that trigonometry is in progress.
The volume of transactions is also converging and we're heading towards the end of the convergence wave, so I think we'll get a pretty meaningful move out of this triangular convergence.
By default, in a triangular convergence pattern, the top line becomes the resistance line, and the bottom line becomes the support line.
Breaking through the top line increases the possibility of further rising up, and breaking through the bottom line increases the possibility of further falling down.
Currently, it is very difficult to predict, so we recommend that you proceed with sales focusing on response.
*The Elliott wave I posted on the market is counted from the low point formed during CPI, but the probability is not high. Please take it as a reference
Bitcoin analysis.
After a long weekend of crosswalks, a little fluctuation began yesterday. The direction I showed you yesterday was above, and it seems that the NASDAQ rose almost 4%, and Bitcoin/Etherium rose along with it.
Currently, the market seems to be focusing on the fact that the announcement is over rather than the CPI announcement index.
It seems to be taking it as the disappearance of materials that will fall strongly and rising, but we don't know how far this upward rally will go.
In the current situation (blue triangle section) it appears that trigonometry is in progress.
The volume of transactions is also converging and we're heading towards the end of the convergence wave, so I think we'll get a pretty meaningful move out of this triangular convergence.
By default, in a triangular convergence pattern, the top line becomes the resistance line, and the bottom line becomes the support line.
Breaking through the top line increases the possibility of further rising up, and breaking through the bottom line increases the possibility of further falling down.
Currently, it is very difficult to predict, so we recommend that you proceed with sales focusing on response.
*The Elliott wave I posted on the market is counted from the low point formed during CPI, but the probability is not high. Please take it as a reference