Bitcoin for the week:
The situation is foggy and tends to be negative ⛔️
For macd there is a negative divergence
It is important to maintain weekly at 47k. Two weeks ago, we saw an increase in the trading intensity that occurred after the negative closing below 47k.
Bitcoin broke 50 MA on the Weekly
It is interesting to note that there is a similarity in the movement between the weekly 28k bottom candles (with false fractures) with the current situation, which gives me a great perception that we are in a stage of aggregation and are very close to the bottom, so we may witness false tails and fractures in the near future period until he has no knowledge of how to trade with false fractures. I advise you Wait until the market calms down
⛔️ It is strictly forbidden to close weekly below 40,000
Bitcoin and Watch Chart
From the date of 11/10 from the 69k high, bitcoin fell
The expected time for the end of the cycle is 1/9 + the target of this bearish cycle 39800 may reach it and may rebound from it upwards and start its bullish cycle and may break it and extend this bearish cycle
In this chart, we see Bitcoin revolving around the 46k area and it still respects it because it is a strong and reflective area (claster).
The green areas are very strong and beautiful for speculation
🛑 The red areas are important to penetrate to recover the market
I will wait on 1/9 and follow up on Bitcoin. Will it achieve its target from this bearish cycle, or will it reverse upwards?
🛑 Base:
If the price is delayed from achieving the target in the specified time, a reversal of the price often occurs ✔️
Bitcoin per month:
Negative monthly closing
Ma 9 break + channel mid line break
It could be a false break because the market passes through a highly volatile area and then re-rises above the mid-line or targets Ma 25 at 30,000, which represents a very strong cluster on all frames.
By the way, there is a great similarity in the movement of the monthly Corona bottom candles before the launch, and the current candles all show that the two areas are areas in which the accumulation and volatility were high due to the convergence of the candles from each other, so God willing, we see the January and February candles, green monthly candles
The monthly closing for the month of January shows the picture more ✔️
🟢 Market Cap Market 🟢
Negative monthly closing
Closing below the mid-line of the rising channel ⛔️
Liquidity is based on MA 9, which means that the bullish trend of market liquidity is still closer to the upside than the downside. It is important not to close below 2 trillion and maintain it monthly.
The target of liquidity, if you decide to continue the decline, will be 1.155 trillion, God willing (this is the maximum number you can reach and it is forbidden to break it at all)
December was a bad month for the market and currencies. These financial markets do not go as we wish, but trust completely, you will not find a bear market for life, and you will not find a bull market for life. Patience then patience and then patience is the secret of your success in this market in particular, this market is very modern and still has a lot to do If you are an investor, rest assured and do not care about what is happening now. I hope this diligence does not go in vain and that the market interacts with the numbers I mentioned in the report and preserves them. I am still optimistic about the year 2022 and I am optimistic that it will be a good year for us and all of you 🌹
Posted Using LeoFinance Beta
An indepth analysis to start the year.
It is always good to get a snapshot of where we are at.
Posted Using LeoFinance Beta
Thank you
Posted Using LeoFinance Beta
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