Hello, friends! There is little positive around me, little good news, I live in wild stress, but still I try to adequately look at the movement of the Bitcoin price, that's why I want to discuss my new chart with you! Hope to see YOUR view in the comment.
๐บ๐ฆ Let's take a look at 4h chart of BTC:
Having applied the scheme of the Wyckoff method - (if I applied it correctly), we can conclude, that it was on February 24 -that the distribution zone was completed. Yes, yes, exactly on the day when Russia attacked Ukraine! (If I didnโt go crazy and itโs true, then even time converges)
๐บ๐ฆ Let's see at 1h chart of BTC that time :
The greed and fear index shows - extreme fear - and that's very understandable, but let's not forget when the market rises? - yes, when everyone is afraid!
Now the price is in a triangle - that's a figure of uncertainty and indecision of the market, the price, of course, can go down from this triangle, but I think that now the scenario is likely when the market fluctuates in the range of 37 - 40k and if the Third World War doesn't start, or some other cataclysm, then the probability of seeing 46k is very high.
Guys, what do you think about this? Talk to me!
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