Cross point for the EMA and the possibility that the BTC price can exactly touch the cross at the moment of contact.
Same crossing point with regards to ADX, while for RSI one could see an inflection point at 50 points as a descent looking for a rebound to 30 points.
The situation has never been so balanced between bears and bulls.
The horizon of the double highs traces a triangularization of the Siacoin chart which, together with the close of a (more than) annual cycle, seems to create the conditions for a double low and a rebound that will culminate on the horizon and as a Fibonacci retracement "contrary".
Let's call it Bull trap, let's call it Dead Cat Bounce (when viewed on a larger time...
In general, proposing a scenario already seen is not the best way to make analysis. In this case, I see no alternative as we find ourselves in a phase that has already undergone a strong reduction: and the cyclicity does not matter.
The Continuation phase started and I expect a recovery, not exactly the same, but with a minimum double that we'll have been able to...
Consolidation phase of the minimums.
TRX, like many other cryptocurrencies (including BTC), will initiate a phase of consolidation of the lows that will last throughout the month of August. It could go further until mid-October.
After the double bottom, the upward retracement will begin following the declines that began last October (the beginning of the war)...
As there is still a large correlation between BTC and Nasdaq, we can hypothesize this scenario:
Double low for the Nasdaq, which sees an upward rebound before its achievement, at the same time BTC would also recover, fluctuating up to a threshold (approximately) of 45K and then creating a double low of 32K (January low). Also the Dominance has reached the 50%...
I believe that Siacoin will give us excellent prospects for the next bullrun, it is no coincidence that it presents bottoms that recall a trend reversal in the medium term, therefore in correspondence with the next bullish phase.
I have been investing in this crypto for years because it has a hugely underrated project like Stellar's.
We are in the Continuation phase, the price of BTC will see a moment of awareness after a decline that lasted several months; its composition is therefore completely healthy.
The drawing tries to explain a completely natural movement in the price trend by bouncing on the "middle zone" between the two approximate bands.
Remain skeptical.
This brief analysis aims to show the divergence and interdependence of technical analysis with the fundamental one.
The increase in rates following the increase in inflation tends to lead us to the idea of an increase in the price of the dollar without the possibility of interpreting its trend from the point of view of technical analysis, which I do not agree with...
A recovery of Bitcoin's Dominance percentage is inevitable for a correct technical trend. This will reach 56.30% and then see it lower and lower in the future.
I see recovery.
The bullish target will start after a double low of the price and will be two, corresponding to the two Fibonacci retracements.
We wait for the double minimum.
Compression bar for Tron (TRX) which sees a fairly high average price level maintained compared to the rest of the cryptocurrency market.
This close should close with a bearish move that will consolidate a profitable start from a double low around 0.045, while if BTC looks for the BOTTOM around 18K (as I imagine), Tron could look for its low around 0.038.
This...
Based on the history of BTC, we should have just completed the correction phase, which does not imply that we have found a Bottom.
Furthermore, based on the proportion of the red candle and the "recovery" period (usually characterized by a bounce and double low, then bounces and closes above the last low), the real "recovery" of BTC will take place around as at...
Once I have reached the rebound point outlined by a progressive decrease in the minimum levels,
I expect to reach step3 , crossing the turbulent tides of step2 and step1 , and then observe a healthy consolidation and retracement.
Then we will understand which movement it are most likely to take.
