➡️As we see, the situation began to develop according to a negative scenario, I described it in detail on Sunday (here) i.e. movement to 66000 and beyond, although I bet on a positive movement, at least to 70100 and further up to 73500. This is about a local scenario from the latest ones.
Unfortunately, the cue ball outplayed me, assessing the situation yesterday and today I would have the same opinion if I rewind time, after the fact someone will say that this is obvious, there is no point in arguing, everyone is their own trader, if it is interesting, I will prove my point of view in the video.
➡️So far the price is hooked on the last line I drew on Thursday/Friday (here) see screenshot.
67024, 66082, 64664, 64000, which is a 13.83% correction from the high to the last zone of 64000 and corresponds to 49% according to the RSI.
➡️T.e. we are in the last important zone 64000 which I identified earlier (here) (...Important and very important zones are 64000-65000 and 69000-70000..) and we will remember it in the video today.
➡️From the short magnet zones we have EMA200 at 4h TF and at the time of 03/19/2024 11:00 it is 62100, and at 1d TF the strong zone is 58400 - for your reference.
➡️I will remain with my opinion on the local forecast from the post (here), even though it already has a “deformed trajectory,” but I expect the zones after the rebound to long to be the same as I wrote. Certainly! Zones are all that remains of an unsuccessful local forecast.
➡️Technically, as always - the 1d TF should and always strives to reach 30-20% on RSI during a correction, I said this earlier and I will repeat it again, last time we limited ourselves to 36%, which was a surprise for me, but only emphasized the significance and the strength of the ETF, but both that time and this time I will not take it into account and I believe that the target of the 1D TF now will also be the area of 30% +/- according to RSI. There will be only 36% or 40% again - please, I can’t know this in advance, but as with earlier forecasts, I rely on experience and % probabilities, so these percentages say that this is where we should wait for RSI in the future at 1d TF.
These can be all zones:
58400, 55600, 52900
➡️Alta is falling along with Bitcoin and has so far amounted to 20-30% for many fundamentals - this is proportional to the fall of the cue ball - most often the formula is X * 2 - where x is the percentage of the fall of the cue ball.
At the moment of normalization or parity of buyers/sellers, viola will have to recover by 40-50%, so this is the case when I will remind you of my words: “I’m talking about SPOT, not about shoulders!!!” - these were the words in every video about viola.
Trading alt on futures is a cruel decision that I do not allow myself and do not advise you to do.
Your question, for those who have been gaping, when is the altseason - you slept through it in August - its beginning. Now expect an “alt-season” in the future. Everything is in accordance with previously identified goals and plans.
⚠️Important areas:
✅Support: 64000, 62000, 60300, 59650, 58400 (strong), 57400, 55600, 54800, 52900, 51900, 47400, 44450
❌Resistance: 64650, 66050, 67000, 68500, 69400, 70100, 73000, 73500, 77800
