It seems to me that the correction theorized in previous analyzes is occurring. See the image below:
Without further ado, let’s get to the graph.
On a monthly basis, for the first time, the SETUP used is pointing to a corrective pivot. If so, a bear trap region is found at 51.8K, meaning if prices don't break out of this range, it won't fall much! The support points are: 53.5 and 51.8K at the moment.
On a weekly basis, as I have been saying for a long time, we are within a corrective bearish pivot. Support point at 59.8K (which has worked so far) and 52.8K, with the loss of the 59.8K region. See the image below.
As incredible as it may seem, the daily chart is completely repeating what SETUP points out on the weekly chart, corrections.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Without further ado, let’s get to the graph.
On a monthly basis, for the first time, the SETUP used is pointing to a corrective pivot. If so, a bear trap region is found at 51.8K, meaning if prices don't break out of this range, it won't fall much! The support points are: 53.5 and 51.8K at the moment.
On a weekly basis, as I have been saying for a long time, we are within a corrective bearish pivot. Support point at 59.8K (which has worked so far) and 52.8K, with the loss of the 59.8K region. See the image below.
As incredible as it may seem, the daily chart is completely repeating what SETUP points out on the weekly chart, corrections.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
