I have been following $BTC and other altcoins for about 10 years. I've seen huge rises and I've seen huge declines. I have also seen people whose psychology was damaged because of their losses. I also saw people getting rich... But what I saw most was this: Those who waited patiently by trading in the spot market were always on the winning side, while those who traded with margin and leverage to get rich quickly were on the losing side!!! Those who increase $10 to $1,000,000 through leveraged transactions still lose at the end of the day...
A HANDLE IS ABOUT TO FORM FOR THE CUP FORMATION...
The decline will continue, although there will be occasional corrections, you can also look at my previous analysis. I have been saying this for months.
$BTC What I have been insisting on in my analyses for a long time has started to come true. A 3/1 correction was needed for the cup handle, and it is happening now. We can now say that we are at the last levels of corrections. I had said that the target at the breaking point of the downtrend was between 38,000-40,000. Moreover, when I said this, it was at 73,000. And it seemed illogical to many people that I would say that it would fall to such a figure, but I was right again. I think that the spot traders who bought at every drop will slowly start to smile. 🙋🏻♂️ and so on
$SHIB I have said this in my previous analyses. It will decline as it moves out of the Bollinger band in the monthly time frame. However, since Bollinger received support from the middle line (red line), the decline has stopped for now. If it does not lose support, it is likely to rise again up to the yellow line. Afterwards, a final decline must occur for the downtrend to be broken. In other words, it may upset investors for a while longer. But those who wait patiently or continue to buy will be happy at the end of the year.
NOTE: IF YOU DON'T HAVE ENOUGH MONEY TO AFFECT THE MARKET, DO NOT TRADE WITH LEVERAGE!!!
Looking at the $AUDIO -month period, we see that the Bollinger band has narrowed. This contraction is a sign of two possibilities.
1 - BIG DECLINE
2 -THE GREAT RISE
The fact that it is already at the bottom level and that it has made leaps after these contractions when looking at its past movements clearly tells us that; Get ready to fly!.. But also be patient! Because my analyzes are monthly, not daily!!! We will see together whether the goals I set according to my analysis will be achieved.
$BTC First of all, I wish you a blessed Eid al-Adha... I say again, it has gone out of the Bollinger line on the monthly chart and has to go down. The best case scenario is a 1/3 drop to create a cup handle. If a handle forms for the cup formation, the new peak should be around 120000-130000. The second scenario is worse!!! It gets support from the middle of the bollinger line and forms a step formation, which means it sees around 40000 -45000. Then the rise may take months...
On the weekly chart, the double top formation is very close to working and a decline means a drop below 60000 and if it cannot get support, a drop below 51000.
There may be fluctuations in the charts in smaller time frames, but it is more realistic to look at the chart from a distance and see the whole picture. Altcoins will be affected many times more in these declines. IT MAY BE MADE MORE LOGICAL TO STAY AWAY FROM LEVERAGED TRANSACTIONS.
$BTC My analysis in the left picture is dated March 22. I have already shared it on my account, anyone who wants to see it can take a look. The two pictures on the right are the post I made today. If the formation is to be completed, the decline will continue because the next declines must be deeper for the handle to form. Altcoins may be more affected by these declines. BUT ! TARGET: $125000 ~ $130000
$PEPE The technical analysis I made on April 28... The technical analysis I made on May 4th... We will see together whether the formation will continue.
$BONK similar formation continues to work now and if it is completed, I have stated the targets of these two coins in my analysis. you can review.
$BONK Reverse shoulder head to shoulder (TOBO) is about to be completed!..🤔 We will wait and see if my analysis works. I marked where the target is on the price line above.
By the way, there is a similar situation in $PEPE . I have made and shared his analysis before. The analysis I made has worked so far, let's see if there will be more to come 🤔 Good luck.🙋🏻♂️
$ONG I have been warning you for how many days? Those who will experience liquidation up to 0.42 ~ 0.31 levels may lose their money if they do not withdraw... 🤦🏻♂️
$ONG In futures trading, the entire chart is not visible. But in the spot section, the entire chart of this coin is visible. Friends who open long or wait for it to rise will see what the result will be if they look at the weekly and monthly charts.
$PEPE The part of the Reverse Shoulder Head and Shoulders formation that I have drawn in blue has been completed. If the part I drew in red is completed, the target will be the top of the green line.