Finally, the update of diagonal resistance network is complete
These lines are actually the important resistances of the market during the section 2-3 of the Fibonacci sequence. The so-called market is the battle of market bulls and bears.
The intersection points of the resistances provide us with valuable information based on the price position.
These diagonal lines, along with Bitcoin's movement rules and where balances meet price levels, etc., are very key for long-term analysis.
These diagonal lines can also be drawn in smaller time frames.
In short: it shows a general road map
These lines are actually the important resistances of the market during the section 2-3 of the Fibonacci sequence. The so-called market is the battle of market bulls and bears.
The intersection points of the resistances provide us with valuable information based on the price position.
These diagonal lines, along with Bitcoin's movement rules and where balances meet price levels, etc., are very key for long-term analysis.
These diagonal lines can also be drawn in smaller time frames.
In short: it shows a general road map
註釋
The discussion that exists now is that a double bottom has been formed and there is hope for an upward trend. But as mentioned before, in the daily time frame, the wave after crossing 1.13, in the reverse mode, from The level of 0.886 has been crossed. Therefore, as long as it is not violated by another existing law (15 other laws), the price can still be pulled below 22k.註釋
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註釋
The scenario of falling from this area means reaching the price of 21,638!!!註釋
Trends start with the beginning of the Fibonacci sequence.1-1-2-3-5-....
Crossing section 1-1 and reaching 1-2 depends on wave correction of size (0.5). After that is a sharp move to the exit from the height of the previous wave(size 1). What is happening now is an incomplete cycle and does not indicate the beginning of an uptrend.(Until this moment)
註釋
A gift was given to you on July 26th to thank you for your support. I hope you enjoyed it.(note that this is the beginning of its movement)
註釋
For the current conditions of the market, a positive trend is not seen due to the intersections that are ahead. Until October 24註釋
The first chart shows that the price has entered section 5 (in the lower time frame, we are in section 1-2 in the higher time frame), which is the kinetic part of the movement. Also, the 1 Fibonacci level means the completion of the 1-1 cycle in the smaller time frame. The intersections also show that importants movements will begin on October 24th.註釋
This is all that should be understood (the price chart is not desired here)註釋
Using the moving average in this market is not as useful as other markets. One simple reason is the large and sharp waves that exist in this market. Experience has shown use of diagonal resistance networks can be much more useful than The moving average . This network can be drawn in all time frame and it is a dynamic network that moves with time and price.
Using this network resistors with Bitcoin movments rule and Fibonacci series (and percentage of It) ,will give us a perfect analysis for all time frames
註釋
The very important thing we need in analyzing is to know that the market is in the possession of bears or bulls! It is interesting to know that this network of resistance specifies this to us!Resistors with a positive slope belong to bulls and resistors with a negative slope belonging to bears
註釋
Breaking this diagonal resistance means the price will rise to $48,500.If this blue resistance rejects the price, the diagonal resistance below it will support the price ($39,000).
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