[Recap] BTC move sideway since touch warning zone
NOTE: This is my personal opinion recap Bitcoin's price movement in last 4 months. This is not investment advice!!!. The market always has risks and opportunities. Please consider carefully before making any decision!
Looking back to March 11, 2024 since we warning the FOMO zone at ~71k5 in previous post: https://www.tradingview.com/chart/BTCUSDT/hvQrlhs8-Beware-of-FOMO-zone/. The price tends to move sideways, creating this price range. Combining the two indicators S1 and I2 shows that there are many possible reversal directions that can be noticed. The closer this zone is to the middle of the cycle, the stronger the force. The reversal zone is determined when the I2 state changes.
Currently, the price tends to move out of the sideway zone so there are no signals that are no longer relevant. Hopefully we can detect signals when prices tend to accumulate to have growth opportunities.
Price barriers also give signals when combined.
Looking back to March 11, 2024 since we warning the FOMO zone at ~71k5 in previous post: https://www.tradingview.com/chart/BTCUSDT/hvQrlhs8-Beware-of-FOMO-zone/. The price tends to move sideways, creating this price range. Combining the two indicators S1 and I2 shows that there are many possible reversal directions that can be noticed. The closer this zone is to the middle of the cycle, the stronger the force. The reversal zone is determined when the I2 state changes.
Currently, the price tends to move out of the sideway zone so there are no signals that are no longer relevant. Hopefully we can detect signals when prices tend to accumulate to have growth opportunities.
Price barriers also give signals when combined.
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