$BTC how quickly everything is happening, the tense situation in the world...
as an addition to my earlier post, a 15 minute chart for history
$BTC I often come across posts mentioning the bull stage for Bitcoin
if you look at the monthly chart, it is obvious that we have worked out all the hype, the volumes at new highs are lower than they were at the previous double tops... here I want to draw attention to the word double top...
in this stage we are mostly closer to a reversal and the daily chart shows a reversal of the upward move with the formation of a reversal fractal.. I can say that there are many other signs and signals in favor of a reversal..
the first price drop to the previous formation, which was a continuation formation - was the first harbinger of a change in the market structure
all areas below were, as it were, worked out by a short-term price move, giving the opportunity to open new longs
however, at present, all price deliveries upward are an opportunity to close positions and open shorts for hedging for the big moneys
in the past, the area around 33-38 was not worked out - I think for those who have decided to include Bitcoin in the reserve of their budgets, this zone will be the target for buying up bitcoins sold in panic
but in the near future, to confirm this theory, the price should not go above the gap on the 4-hour chart
DYOR and be safe
if you look at the monthly chart, it is obvious that we have worked out all the hype, the volumes at new highs are lower than they were at the previous double tops... here I want to draw attention to the word double top...
in this stage we are mostly closer to a reversal and the daily chart shows a reversal of the upward move with the formation of a reversal fractal.. I can say that there are many other signs and signals in favor of a reversal..
the first price drop to the previous formation, which was a continuation formation - was the first harbinger of a change in the market structure
all areas below were, as it were, worked out by a short-term price move, giving the opportunity to open new longs
however, at present, all price deliveries upward are an opportunity to close positions and open shorts for hedging for the big moneys
in the past, the area around 33-38 was not worked out - I think for those who have decided to include Bitcoin in the reserve of their budgets, this zone will be the target for buying up bitcoins sold in panic
but in the near future, to confirm this theory, the price should not go above the gap on the 4-hour chart
DYOR and be safe
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