Forecast of another drop in Bitcoin, reasons: âą Rising wedge in formation. âą Area of ââgreatest accumulation of purchases during the BTC ETF approval period in the US. âą RSi technical indicator in a resistance zone that has not yet been broken. âą Volume indicator indicating low. âą KDJ indicator indicating reversal. #Binance #BITCOIN $BTC $ETH $BNB
Analyzing the RSi indicator, I believe that BTC will touch the upward trend line to continue its journey towards 100k. In the weekly chart above, I used the 21-period exponential moving average as a reference, to mention what I suppose BTC will touch before heading towards 100k. I can also mention the Elliot Waves, we are still structuring wave 4 of correction and after that we are structuring the last wave 5 of rise. #BITCOIN $BTC
I made good spot entries in some cryptos since October/23 and made some bad entries in others, applying DCA to a few of them. With this fall, part of the invested capital was devalued, however, I am still in profit on the total amount invested because almost all the cryptos in my portfolio are yielding in staking, generating profit on profit, I can also say that my capital is all invested through fiat currency. from my country I converted it into a stablecoin linked to the value of the Dollar also obtaining more income, in short, my capital is in a triple pool of liquidity. $BTC $ETH $BNB
Do want to know the time ideal for sell your active? Watch The Divergence in high at the indicators technical at theat the graphic weekly. The correction for top đ it's average term, and the correction for low it's in far away term. #altcoinseason $BTC $ETH $ONE