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#Bitcoin analysis from another angle.
We see EQH (equal highs) at $71300 in the 4H timeframe. We can briefly call EQH the liquidity area. When EQH occurs, the price does not move unless the liquidity of this zone is generally taken.
There is an Order Block in the 60K region. We can briefly call Order Blocks the demand-supply region. Here, Order Block works as a demand zone, thus acting as support. Look at the reversal when price touched down here with the 5th bearish wave before and tell me what's happening now isn't 100% similar...
Additionally, there is a positive divergence in the RSI indicator in the 4H time frame, which gives us the conclusion that an upward price movement should occur.
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#Bitcoin and #altcoin what's next?
#Bitcoin When we look at the daily chart, we understand that the MACD and Stochrsi indicators are in the negative zone and have now hit the bottom. It can be said briefly that these two indicators help us determine the strength and direction of the trend. The closer the levels are to the bottom or top of the indicators, the sharper we expect the future price movement to be. As can be seen here, the levels are now screaming in the indicators and a sharp upward movement is required. I have previously expressed the return movement from these levels with a box, you can see... This does not mean anything by itself, of course... At the same time, we see that there is a FVG (Fair Value Gap) on the daily between 58K-60K in Bitcoin. You can look at what FVG is in detail. What we need to know here is that they work as support or resistance and have a strong structure. Here FVG works as support. So we do not expect the price to go beyond these FVGs easily.
Likewise, BTC is about to reach the bottom on the weekly time frame. After the bowl structures are formed, there is usually a sharp movement in the opposite direction. Here again, there is FVG up to the 58K-53K range... After the previous bullish leg, Bitcoin entered the consolidation process and there was an average of 50% price movement along the leg, now it is the same consolidation process and the same as I expected...
There is an inverse correlation between USDT.Dominance and Bitcoin. In other words, the two move in opposite directions. If you examine the BTC and USDT.D charts together, you will see...
TOTAL3 gives the market value of altcoins except #BTC #ETH ... There was a positive intersection in the 8-13-21 based moving averages that I used in the TOTAL3 chart. When this happened before, the altcoin season started and right after the Halving, whereas what is happening now was before the Halving. It gives us the conclusion that altcoins will perform better this season... Also, the target of the same bowl formation is the $2.5T region, and it is about 4 times further from now...
In summary: The final shake, followed by the big move. Look to accumulate in altcoins...
#Bitcoin When we look at the daily chart, we understand that the MACD and Stochrsi indicators are in the negative zone and have now hit the bottom. It can be said briefly that these two indicators help us determine the strength and direction of the trend. The closer the levels are to the bottom or top of the indicators, the sharper we expect the future price movement to be. As can be seen here, the levels are now screaming in the indicators and a sharp upward movement is required. I have previously expressed the return movement from these levels with a box, you can see... This does not mean anything by itself, of course... At the same time, we see that there is a FVG (Fair Value Gap) on the daily between 58K-60K in Bitcoin. You can look at what FVG is in detail. What we need to know here is that they work as support or resistance and have a strong structure. Here FVG works as support. So we do not expect the price to go beyond these FVGs easily.
Likewise, BTC is about to reach the bottom on the weekly time frame. After the bowl structures are formed, there is usually a sharp movement in the opposite direction. Here again, there is FVG up to the 58K-53K range... After the previous bullish leg, Bitcoin entered the consolidation process and there was an average of 50% price movement along the leg, now it is the same consolidation process and the same as I expected...
There is an inverse correlation between USDT.Dominance and Bitcoin. In other words, the two move in opposite directions. If you examine the BTC and USDT.D charts together, you will see...
TOTAL3 gives the market value of altcoins except #BTC #ETH ... There was a positive intersection in the 8-13-21 based moving averages that I used in the TOTAL3 chart. When this happened before, the altcoin season started and right after the Halving, whereas what is happening now was before the Halving. It gives us the conclusion that altcoins will perform better this season... Also, the target of the same bowl formation is the $2.5T region, and it is about 4 times further from now...
In summary: The final shake, followed by the big move. Look to accumulate in altcoins...
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