Bitcoin capitulation
Telah dikemas kini
What we need to start an uptrend: breaking through the resistance line = trend reversal and the end of the bearish trend, which lasts more than 50 weeks, as I said in the previous global chart.
Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We are approaching the support line of a large ascending channel.
It will be accompanied by cascading, avalanche-forced liquidations of the long positions, the bankruptcy of funds, and so on.
We are coming close to the zone of our positions.
There is a possibility that the manipulator (exchanges) will make a short squeeze with a fake breakout of the resistance line before falling. They will collect liquidity from both sides, as it was in 2018 before the fall from 6 to 3.
The scenario fits the Wyckoff and Elliott concept.
Best regards, EXCAVO
Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We are approaching the support line of a large ascending channel.
It will be accompanied by cascading, avalanche-forced liquidations of the long positions, the bankruptcy of funds, and so on.
We are coming close to the zone of our positions.
There is a possibility that the manipulator (exchanges) will make a short squeeze with a fake breakout of the resistance line before falling. They will collect liquidity from both sides, as it was in 2018 before the fall from 6 to 3.
The scenario fits the Wyckoff and Elliott concept.
Best regards, EXCAVO
Nota
volatility where are you?Dagangan aktif
GET VIP group + EXCAVO portfolio for FREE
Register
partner.bybit.com/b/excavo
AFTER TXT TO
t.me/excavo - admin
t.me/excavonews
t.me/excavochannel
Register
partner.bybit.com/b/excavo
AFTER TXT TO
t.me/excavo - admin
t.me/excavonews
t.me/excavochannel
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.