Hi guys,
This chart talk about basic market cycle in respect to the BTC chart. From the chart it can be deduced that we has the following phases that make up of market cycle:
Lamboo Phase(Big Guys Zone): Real market growth
Recovery Phase(Accumulation Zone): This phase bring basics hope to the market)
Correction Phase(After the market growth hit stronghold level this phase kicks in for possible balancing between the buyer and sellers.)
From the charts each phase is shown with their unique colors.
Lamboo Phase comprises of 20 Bars where each Bar represent 2weeks Candle and this lasted for approximately 280days.
Recovery phase has 40Bars which lasted for approximately 560days.
While we have the last phase which is for correction and is usually the longest phase among all which comprises of 45Bars with approximately 630days.
Let now talk on this cycle implication on the current market, as we all can see we are still very much in CORRECTION PHASE and presently out of possible 45Bars we already achieved 36Bars which mean we still has about 9Bars more to go which should lasted for approximately 140days more.
What to expect?
Since we have 140days more for these present cycle to complete its correction, then we can expect a potential re-test on 32xx$ or a possible new level that will create a BTC new low.
What to do?
Right now the best action will be to always buy and sell within the trading range and all this should be with tight stop loss, till we are out of correction zone. This is not the time for Long term investment.
Thanks for reading my market view. If you find it interesting kindly appreciate my effort with your likes.
This chart talk about basic market cycle in respect to the BTC chart. From the chart it can be deduced that we has the following phases that make up of market cycle:
Lamboo Phase(Big Guys Zone): Real market growth
Recovery Phase(Accumulation Zone): This phase bring basics hope to the market)
Correction Phase(After the market growth hit stronghold level this phase kicks in for possible balancing between the buyer and sellers.)
From the charts each phase is shown with their unique colors.
Lamboo Phase comprises of 20 Bars where each Bar represent 2weeks Candle and this lasted for approximately 280days.
Recovery phase has 40Bars which lasted for approximately 560days.
While we have the last phase which is for correction and is usually the longest phase among all which comprises of 45Bars with approximately 630days.
Let now talk on this cycle implication on the current market, as we all can see we are still very much in CORRECTION PHASE and presently out of possible 45Bars we already achieved 36Bars which mean we still has about 9Bars more to go which should lasted for approximately 140days more.
What to expect?
Since we have 140days more for these present cycle to complete its correction, then we can expect a potential re-test on 32xx$ or a possible new level that will create a BTC new low.
What to do?
Right now the best action will be to always buy and sell within the trading range and all this should be with tight stop loss, till we are out of correction zone. This is not the time for Long term investment.
Thanks for reading my market view. If you find it interesting kindly appreciate my effort with your likes.
交易進行
Hey guys do have a look on some of my long term analysis on BTC. They are still pretty on the mark.Inside this analysis i compared 2014/2015 Bitcoin price movement with the present market and it seems so far to be perfect matched.

Here, I pinpointed at potential Bullish Flag on BTC where we completed wave ABC and wave D almost complete with this upside moves before market go for next wave at wave E where we should have our potential bottom.

In this analysis a wide downtrend channel was identified where price is trading for possible correction and the last leg should leads to the expected bottom

交易進行
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。