BTC Bearish then Bullish
Hello,
This green trace is a segment of the dominant bullish projection, fit the the recent harmonic patterns and levels. The harmonics do suggest we are entering a bearish sentiment (though the bearish bulls could dominate that).
We have made a new high, creating a nice upper resistance of a pennant (white dotted). We could see this start cascading through levels looking for support from bigger levels below… dotted resistance lines from the past become the support.
i would expect this green trace to serve as an indicator of the harmonics of the movement, and not necessarily the amplitude of the moves. It was difficult to fit it to the minor levels and the more macro levels, suggesting there was a change in the perspectives of the game. (ETF money).
These things wont stop the harmonics from playing out their song.. .it will change how loud each note is though….
And … for BTC to become a stable market, it does need to check back in on some old resistance levels (now support for the levels we are on)… from way back! Yikes!
I am scared of Bitcoin… is that crazy? Prophecy?
Love and Light to All!
This green trace is a segment of the dominant bullish projection, fit the the recent harmonic patterns and levels. The harmonics do suggest we are entering a bearish sentiment (though the bearish bulls could dominate that).
We have made a new high, creating a nice upper resistance of a pennant (white dotted). We could see this start cascading through levels looking for support from bigger levels below… dotted resistance lines from the past become the support.
i would expect this green trace to serve as an indicator of the harmonics of the movement, and not necessarily the amplitude of the moves. It was difficult to fit it to the minor levels and the more macro levels, suggesting there was a change in the perspectives of the game. (ETF money).
These things wont stop the harmonics from playing out their song.. .it will change how loud each note is though….
And … for BTC to become a stable market, it does need to check back in on some old resistance levels (now support for the levels we are on)… from way back! Yikes!
I am scared of Bitcoin… is that crazy? Prophecy?
Love and Light to All!
Nota
QUESTION: Does more money inflow correlate to more volatility?Nota
Right now my estimate for a pull back to significant Resistance turned support is at about $.17 (7% pull back)
For BTC, those gaps to fill, and those significant Resistance levels are more like a 50-70% pull back…. A ride fro SWB:69K to
25K sounds quite scary, but it would stabilize the imbalances in the harmonics.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.