Further development of the local trading situation. Timeframe 1 day.
Local positive scenario. If the support zone 17,666 is held and the local downtrend breaks (cherry color), then the Dragon pattern may form. There is a buyout. There is volume.
The percentage is shown on the chart in cases of breakout/non-breakthrough of local resistance levels. A local channel of 24% can also form, like the last time before working out the descending flag, that is, the market drains if the local maximum is not broken, that is, the “Dragon's hump”.
This is how it looks on a line chart (without “market noise”, squeezes) with the same timeframe.
Negative scenario. The negative scenario that everyone is waiting for (this is very important). Breakout of the support zone 17,666. There is a "local gap -30%". The first stops are 13,130 - 11,582. The percentage is not big for other assets, but bitcoin is the "market" brand + liquidity. The impact on the crypto market will be huge. Complete surrender.
If this happens, then it will not be connected with the crypto market, but will be like an echo of the consequences.
A simple short work, at the beginning of the stop above the broken support and from time to time its lowering after the price decline, but so that the stop loss is not hit ahead of time.
Timeframe 1 week. The entire cycle of this Bitcoin growth (almost 2 years, 616 days). Due to the fact that the timeframe is 1 week, some dates are not accurate. The chart shows part of the main trend and the entire secondary (downward channel). This local zone in it is marked with a circle.
From the maximum pumping, the price has merged at the moment by -74 (72%).
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Halving + BTC
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+11% to 21938.72 (21440.72).
Local positive scenario. A double bottom formed locally. Confirmations of it are fixations above this level. At the beginning of the downward movement (purple). Then, in cases of its breakthrough on the volume to the main resistance zone (previous clamping before draining), it is marked in gray. This will be the death of short positions.
Volume boost. The volume has increased. On some liquid exchanges, there is a "huge volume" for the chart (for example, binance). Then there will be a PR "whale bought" or "whale sold" depending on how the price should be directed.
Local negative scenario. Mirror repetition of clamping as the end of May-June before draining. Sideways movement. That is, a locally downward movement to the zone 17,666
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for understanding where this local pinch zone is in the secondary trend.
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Local work in the zone of the horizontal clamping channel. From the level zone 21440.72 reversal back to the channel zone -11.3%. Negative FUD strengthens for price direction. Key levels and zones on the chart. Everything is as before.
On 13 07 22 in America, a report on the situation on the inflation rate for the last month (decrease / increase) will be released, respectively, and this will be the reaction of the markets / Last 10 06 2022 which caused this local drain by -40.4%. First the stock market, then bitcoin and altcoins.
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Local trading situation now after US inflation announcement. Limit risks in your work if you trade locally. Key levels and zones, as well as important dates on the chart.
It is also worth noting that the main FUD manipulator of the crypto market, Elon Musk, has changed the number of subscribers from 114 to 115 today.
July 13—Full Moon (13 07 2022 inflation report) July 28—New Moon (27 07 2022 Fed rate decision)
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Local trading situation. The price was pressed to the resistance level of 21440. A formation similar to an ascending triangle formed in the sideways channel. Zones of local levels and the first targets are shown on the chart in case of breakout/non-breakout of this important local reversal zone.
Similarly, the direction of bitcoin (the resolution of this local situation) will be followed by altos, but by a larger%, this must be understood.
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breakout of this resistance zone begins
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+13.72% since breakout of 21,440.72 +23.8% from 19,666 The price reached the level of 24358.03
It is possible without fractions, rounding the value. But maybe in unimportant great importance?
Pay attention to how the number of subscribers of the main media manipulator of the crypto market Elon Musk has changed:
114 In the channel, in the lateral horizontal clamping, there was always 114. 115 Before the breakdown and during it - 115. 116 Now the value is 116.
At the moment, the price is at the resistance of the downtrend (purple, the price has fallen since May 2022 (the first fall of the moon). Remember the important date 27 07 2022. Protect your profits
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An important moment before an interesting week. In Masks, the value has changed to 119. Follow the local evolution before the one-month stagnation at 114
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Local situation in the reversal zone on the small timeframe 1 hour.
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Further development of local history before 06/27/2022 (Fed rate decision) Local pullback continues.
On the chart, I displayed the signal transactions of the "fresh" wallet of almost $ 3 billion of the Big Six and the "signals" with the number of Elon's subscriptions in the Mask.
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+9.6% momentum from 21440.22 pinch zone to 23300 The US Federal Reserve raised the interest rate by 75 basis points (0.75%). Now the rate is 2.5%. There were no surprises in the hanging rate, the figure was the same as before.
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The price has reached the resistance of the ascending channel +13.68% (level 24,358.03). Transaction .......6417. Clamping the price in a narrow range in the spread before the action. A key moment for many.
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Local work. A very important point, which will give directions for the development of trends that are no longer of a local nature. Be extra careful. Observe risk management. Protect your profits and limit potential losses.
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Clamping 4 days in a narrow range.
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This is what this monthly 15% channel with 4 waves looks like on a grand scale. 4 day clamping. Time frame 1 day.
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This is how this channel looks like and local clamping 23300 - 22777 on the line chart.
The main media manipulator has changed the number of subscriptions today from 119 to 118. The price is still in a tight squeeze.
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Secondary trend and exit reversal zones from this channel. Time frame 1 day.
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Local trading situation now. The price of the zone is very important, 24358.03 Transactions 11 08 22 (on the graph above).
8226 4151 20610 11 after 666
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The price is approaching the lower zone of the channel. At the moment, the price is locked in a narrow range between the levels of 23,300 and 22,700. An important local moment, from the outcome of which the medium-term trend direction is decided.
This is how this zone looks on a larger scale on a 3-day timeframe
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Local work. After the downward momentum, the price is jammed in a narrow range of 3%-4% 5 day. Pivot levels on the chart are shown with arrows, % similar.
Musk public marketing guide changed 121 subscriptions (very rare).
On the larger scale chart, this local trading situation and core liquidity zones.
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An important local moment. The price is now on August 26 at the level of 20610. The price at the moment is 20,666.19
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Local work. Clamped in a super tight 3.22% range 6 days before the impulse to collect stop loss. 19666 - 20300, which is the 20610 zone (11 08 2022 - 11/666/20610). The percentages to the local levels are shown on the chart.