* Current market situation:
- Since breaking 52k the market has entered into excessive negativity.
- The daily speculations were very successful, but the size of the current drop is greater than possible, so the positive transaction is temporary, one hour and two hours.
- The matter was made worse by the rise of the dominance of bitcoin.. and the rise of dominance is related to the fear of traders from the market, as they are leaving the alternative currencies to escape and fear...
- The fear index has now reached a level that we have not seen for a very, very long time... which is extreme fear...
From the positive side we now have a falling wedge (bullish pattern) and a solid support line at 40k - 39.5k, expected, probable and required by the available fractals Our indicators are that the price reverses from here. Below this, the market has entered the irrational stage... We are now entering the 50th day of continuous decline... We preceded it by 60 days of ascent... and preceded it by 60 days of decline... So... We wanted to describe these days, as they are days of “staging and collecting and purchasing”... good luck
- Since breaking 52k the market has entered into excessive negativity.
- The daily speculations were very successful, but the size of the current drop is greater than possible, so the positive transaction is temporary, one hour and two hours.
- The matter was made worse by the rise of the dominance of bitcoin.. and the rise of dominance is related to the fear of traders from the market, as they are leaving the alternative currencies to escape and fear...
- The fear index has now reached a level that we have not seen for a very, very long time... which is extreme fear...
From the positive side we now have a falling wedge (bullish pattern) and a solid support line at 40k - 39.5k, expected, probable and required by the available fractals Our indicators are that the price reverses from here. Below this, the market has entered the irrational stage... We are now entering the 50th day of continuous decline... We preceded it by 60 days of ascent... and preceded it by 60 days of decline... So... We wanted to describe these days, as they are days of “staging and collecting and purchasing”... good luck