There is a buyer absorbing the 200, but I could be mistaken. I just saw the diary. the standard is not very good. The best thing to do is wait for the breakout on volume. zone of indecision.
the average of 200 losses may be supporting prices at 15m and at 30m we have 99 losses. two averages on two time charts enter below the price. this could call bulls to fight for position. players see these things.
When I look at the market I have a feeling of wanting to sell strong. but that's guesswork. when I will analyze price, volume, technical indicators. cycle analysis. on-chain indicators. other things, the analysis tells you to buy. not bitcoin in this case. But altcoins. the analysis may even fail. but guesswork will be difficult to get right. $BTC $NEAR $POL
prices always meet the averages. Either the price goes to the average or the average goes to the price. In this case we had a small return on prices, but it was the average that found the prices, what we need is the average of 99 periods to make a small defense, but not very significant above the prices serving as resistance, but at that moment it ends to cross the price, entering from the low side which can be very good. since this average is very strong and will serve as support. if prices manage to remain above. where the price meets the average tells the fair price for that asset at that moment. so this is the average price of a Bitcoin today. but with this media providing support. calls bulls to the game. $BTC
The bad news is that our Bitcoin dominance indicator yesterday looked like it was going to pivot. It has changed its character and it looks like it will be the complete opposite.
We already have a pivot in Near, which rose at 1,2,3,4,5, now we can see a bearish ABC. generally wave 2 is a deep wave according to Elliot theory. because there are still many sellers. many people selling who still didn't understand that the market had changed. The only thing that invalidates the movement is the bottom breaking. but so far we still have a bullish pattern. If confirmed, we will have a wave 3 that must be at least the size of wave 1, since wave 3 cannot be smaller than wave 1. judging by that. we are talking about the next move taking close to around $6.40. $NEAR
For the market to rise there must be volume in the rising candles, that's what I'm talking about. it's there. upward trend. volume validates price movement. $BTC
altcoins are on the verge of an explosion. dominance has just pivoted, leaving a beautiful pattern of confirmation of the seller's continuity in the formation of the bearish Pivot. Bitcoin's dominance is expected to dip soon. and altcoins will break out strong. out the background pattern.
I've been talking all the time. that altcoins will explode. but everyone was in a panic with the market crash. Although I was uncomfortable and saw the assets dwindle. I continued to believe in the highs given the context we are in. Now I come to confirm. are bullish for altcoins. this is the background for this correction. You can fill the cart if you didn't fall. Bitcoin dominance has just pivoted. We only have to wait for the daily candle to close. confirmed the bearish pivot. Bitcoin's dominance will plunge.
I said that altcoins were forming a bottom and that bitcoin had already completed the correction cycle. Although I brought up the possibility of bitcoin going 86k ago, it didn't. The market is very dynamic and changes all the time. you need to adapt to changes. However, I also argued that bitcoin was in an important region of 261 fibo and that prices could be defended there, which is exactly what happened. The analyzes have been confirmed. although I have mistakenly overlooked this correction. the context is purchase. market is contextual. currencies should rise again and break their ath. $BTC bullish
I do the analysis. I come here and spread the word. but understand. each trader/investor works differently. leverages itself in a way. I don't usually buy assets after they have risen. but I had bought some close to the maximum. the market fell. I took a few stops. I had to change my portfolio, I had to deleverage, reposition myself in better places. I will often make an entrance. I distribute the position. to improve the average if the price drops. as long as I see a bottom being formed. Now I often won't get the exact entry point right. Sometimes I will make mistakes. now. The important thing is in the end that you win more than you lose. Don't take my analyzes to make entries. but pay attention if it suits you
Back then I said that this pattern was buying. That means demand. unfortunately it breaks the bottom because it is against the trend. But I also said it could happen. I said this was demand. This pattern works as a brake. it demonstrates inversion in flow. even though I was unable to turn the market around from there. he came to hold more embaizo and from that point on the market will rise and will never return to this region.
I warned you about that. there it is. The market will pull and it will pull hard. It could be a good sign, it means that we will have a very good weekly closing. $NEAR #bullish