!This is not a target, it's just the last rope which gonna hold the next Cycle!
The buyers/sellers resultant= 0 is our next support bottom (We have time but keep it in mind ;) ).
The new rope itself could be the resistance aswell but it will mean nobody care of the BTC anymore, then a last intermediary resistance in the node (buyers = sellers) is my most likely target for bottom (Once you see the existing rope break on after the other).
Nb: Don't imagine BTC cycle with one period and one frequency but plenty with new one coming to complexify the equation in every cycle! It's more complicate than a W our a Diamands pattern than everybody try to sell you on Twitter ;)! The market is dephasing with different kind of buyers, sellers which all belong to a frequential waves system based on for example day/night, Kondratiev cycle, institution market closure, futur, payday...IA bot. Soon it will be unreadable in Micro market by too many variables and finally perhaps people will stop speaking about "manipulate market".
The buyers/sellers resultant= 0 is our next support bottom (We have time but keep it in mind ;) ).
The new rope itself could be the resistance aswell but it will mean nobody care of the BTC anymore, then a last intermediary resistance in the node (buyers = sellers) is my most likely target for bottom (Once you see the existing rope break on after the other).
Nb: Don't imagine BTC cycle with one period and one frequency but plenty with new one coming to complexify the equation in every cycle! It's more complicate than a W our a Diamands pattern than everybody try to sell you on Twitter ;)! The market is dephasing with different kind of buyers, sellers which all belong to a frequential waves system based on for example day/night, Kondratiev cycle, institution market closure, futur, payday...IA bot. Soon it will be unreadable in Micro market by too many variables and finally perhaps people will stop speaking about "manipulate market".