What we need to start an uptrend: breaking through the resistance line = trend reversal and the end of the bearish trend, which lasts more than 50 weeks, as I said in the previous global chart.
Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We are approaching the support line of a large ascending channel.
It will be accompanied by cascading, avalanche-forced liquidations of the long positions, the bankruptcy of funds, and so on.
We are coming close to the zone of our positions.
There is a possibility that the manipulator (exchanges) will make a short squeeze with a fake breakout of the resistance line before falling. They will collect liquidity from both sides, as it was in 2018 before the fall from 6 to 3.
The scenario fits the Wyckoff and Elliott concept.
Best regards, EXCAVO
Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We are approaching the support line of a large ascending channel.
It will be accompanied by cascading, avalanche-forced liquidations of the long positions, the bankruptcy of funds, and so on.
We are coming close to the zone of our positions.
There is a possibility that the manipulator (exchanges) will make a short squeeze with a fake breakout of the resistance line before falling. They will collect liquidity from both sides, as it was in 2018 before the fall from 6 to 3.
The scenario fits the Wyckoff and Elliott concept.
Best regards, EXCAVO
Ghi chú
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Portfolio excavo.com/stocks
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t.me/EXCAVOREFF_bot
trading-tournaments.com/
Crypto ex bitunix.com/register?vipCode=Ri1J7239
Portfolio excavo.com/stocks
Tg t.me/excavo
t.me/EXCAVOREFF_bot
trading-tournaments.com/
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.