Sideways movement is likely.
Greetings.
There are very high expectations that bitcoin and with it the market will go down.
If you think so, I will not dissuade you.
The 2024 market is very different from 2020-21 and 2016-17.
There is a lot more manipulation and sideways movement in it.
Here are a few things I noticed on TOTAL.
On the left is 4H chart.
Kijun has crossed the red cloud and
Tenkan may act as support for continued upside movement.
9 seasons of rainbow show a developing bullish signal.
Oversold (blue) has changed to green (rising) on the two ribbons.
On the right is 1D.
The nature of the fickle clouds (red-green-red-green-red-green) hints that this is a sideways move, AND right today the kijun-sen line is being tested. If the market finds this support it will move towards the green clouds, but these swings could be in the 1.8-2.2 trillion range.
SQZMOM is showing signs of reversal.
There are very high expectations that bitcoin and with it the market will go down.
If you think so, I will not dissuade you.
The 2024 market is very different from 2020-21 and 2016-17.
There is a lot more manipulation and sideways movement in it.
Here are a few things I noticed on TOTAL.
On the left is 4H chart.
Kijun has crossed the red cloud and
Tenkan may act as support for continued upside movement.
9 seasons of rainbow show a developing bullish signal.
Oversold (blue) has changed to green (rising) on the two ribbons.
On the right is 1D.
The nature of the fickle clouds (red-green-red-green-red-green) hints that this is a sideways move, AND right today the kijun-sen line is being tested. If the market finds this support it will move towards the green clouds, but these swings could be in the 1.8-2.2 trillion range.
SQZMOM is showing signs of reversal.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.