In this analysis, I compare the velocity of Bitcoin’s major bull and bear moves using logarithmic price movement relative to time.
Historically, bullish moves were faster than the corrections that followed them. But this behavior changed.
The major bearish move developed faster than the rally that began in November 2022. That suggests the dominant psychological direction is no longer up.
From this perspective, the rally from November 2022 is better viewed as a countertrend move rather than a new impulsive bull trend.
I also discuss the possible NeoWave counts across multiple timeframes, starting from the higher-timeframe structure and then moving down into the lower timeframes to examine how the smaller structures may fit within the larger picture.
Historically, bullish moves were faster than the corrections that followed them. But this behavior changed.
The major bearish move developed faster than the rally that began in November 2022. That suggests the dominant psychological direction is no longer up.
From this perspective, the rally from November 2022 is better viewed as a countertrend move rather than a new impulsive bull trend.
I also discuss the possible NeoWave counts across multiple timeframes, starting from the higher-timeframe structure and then moving down into the lower timeframes to examine how the smaller structures may fit within the larger picture.
See the market differently — ongoing NeoWave analysis, structure changes, and major updates: theonepct.substack.com
Telegram updates: bit.ly/TheOnePcT
Telegram updates: bit.ly/TheOnePcT
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See the market differently — ongoing NeoWave analysis, structure changes, and major updates: theonepct.substack.com
Telegram updates: bit.ly/TheOnePcT
Telegram updates: bit.ly/TheOnePcT
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。