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
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.