After the halving, Bitcoin rose by 1 to 1.5 years and then fell by 83% in 1 year. And there is a past that confirmed a low in the form of a double bottom and rose. 1.5 years have passed since the 3rd halving, and if it falls 83% here, it will reach 11,000$, and from the 4th halving (February 2024), there is a possibility that it will go up to 100,000$.
If you take a Bitcoin chart to the Wyckoff Accumulation Scheme, it fits surprisingly well. Currently, Bitcoin may go to build a spring or test support levels. I think it would be good to wait and watch Bitcoin's progress and then buy at the bottom.
If Bitcoin supports the 49-50k level without breaking it, the polygon is also highly likely to continue the uptrend along the uptrend line at the bottom. Short-term bearish divergence has occurred, but the trend line appears to be supported. It looks like a good buy after confirming support.
Ethereum has failed to break through trend line A and is converging within the existing yellow uptrend channel. Two downward divergences have occurred, indicating that the upward force is insufficient. If Ethereum loses strength, it is likely to follow the red downward path, and if Ethereum gains strength, an orange upward scenario can be expected. The RSI...
An orange path scenario is expected when bitcoin rises, and a yellow path scenario when bitcoin falls. Keep an eye on the trendline and support resistance of the candles and RSI.
Bearish trend: touch 42000 level and resistance at Green Trend Channel(45000) Bullish trend: touch 52000 level and support at White Trend Line, then go to Green line at 60000. Since Bitcoin is in consolidation on the green line, it can be said that the setup for a short position is in progress if it breaks the bottom of the line and goes down. However, a...