Crypto BanterCrypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Away from the numbering in the picture because it can change and away from complications
I was following this analysis that it makes a retracement from the trend and comes back to break it
The movement was actually done, but what can happen after that?
We start with the negative scenario
We have a drop from 25, followed by a long occasional correction, and this is dangerous because the downtrend starts in this way and continues to descend with smaller corrections and descends again, and so on.
If the price cannot go back above 23500-24000, the drop will be highly likely, especially if it breaks 21300.
We need take care and see the next movement
But if we somehow saw consolidation above 21300, the beginning of a strong impulse upward, and a coherent correction, then the drop from 25250 so far may be a long correction, and it finished with it, and it breached 25.
Of course, it will be premature to talk about this penetration, but the shape will be unlike now
Simply, if the price remains weak, and its upward movement is weak, and it is unable to penetrate the last descending peak at 23500-24000, then it will tend to decline more and more.
But if something changes and a sudden force appears in the price movement and it starts to rise and consolidate and penetrate the descending peaks, the situation will keep changing.
We follow the next movement, will it be weak or strong?Mar 3, 2023 Crypto Banter Crypto Banter Crypto Banter Crypto Banter This is the annual bitcoin chart (each candle is a year)
We note that each previous market took a full year, and the year after that, two different things happened in the past two times.
In 2015, it completed a drop at the beginning of the year, and then it rose to produce an annual candlestick with a downward tail, in order to be a basis for the next rise.
For the second time in 2019, the year started with a rise and reached the highest annual closing in the previous bull market
If you want to search for a similarity or an optimist for the current year, and you want to know how many last of them can be
You can find a similarity between 2019 and this year, because the candle of this year started to rise
There is also a similarity on the smaller frame
If the similarity continues, then the price may have a maximum rise of 45k, which is the highest annual closing of the previous bull Market.
But do not forget that this is an annual candle, and it may have a drop inside it, and it will not appear on the candle if it goes up again.
This is a determination of the highest possible number only while keeping the bottom
Will there be similarities or will we see something different?Feb 23, 2023 Crypto Banter Crypto Banter $25,200 is the ceiling of the area that I identified a while ago, and I expected that there would be many shorts and many corrections for Bitcoin
Also, it is the weekly moving average of 200
That is why it is the last stronghold of the bears, who, if broken, would be lost and not know what to do next.
Of course, they will stick to the 30 after that
Far from the psychology of bears and bulls, the aforementioned resistance, the price tried it twice and fell strongly after each time
But like any resistance, it weakens from the amount of testing it, so if he is able to ascend to it again, the chances of penetrating it will be higher than the previous times.
And if he was able to penetrate it, he could rise quickly due to the liquidition of all the shorts thereFeb 19, 2023 Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter As a personal opinion, if the price went down to this area in the future, it will be a good buying area with a little step, and the indicator will be corrected on 4 hours, and possibly daily as well.
The digital stop or closing is under the two dealers who have shares
The idea is that when Bitcoin likes to maintain its exponential ascent, it maintains a series of higher bottoms than one another
He is now conservative, if you take care of the higher bottoms in the higher region above what we are in
If it breaks it in the near future, it will want to maintain the basic bottom at 20200 and work higher than it
If he can do this, then the trend will still be working and the stop is close, because if he breaks it, it will be a failure, and we will see if it is a real break or a fake one
Focus, you will find on the north, the price did not break the bottom of the correction, and even the tails were higher than each other
When it came back down two days ago, it made a higher bottom, and the indicator had a lower bottom, and this is called a hidden positive divergence
It is very easy for the buyer to enter and reconcile the bottom area of the previous tailsFeb 1, 2023 Crypto Banter When the price makes new peaks and the indicator has lower peaks, this is called a negative divergence, which means that the upward momentum has begun to weaken
With every weakness and decline in the index, the buyers come back again and achieve a higher price peak, but with weaker momentum, which results in this divergence
Weakening bullish momentum with successful attempts to reach new peaks
When the price makes more than two peaks of a negative divergence like this, it shows the determination of the buyers despite the weakness of the trend
And if the price was able to break the trend of the series of peaks on the indicator, then there is a good possibility that it will create a strong upward wave
He is currently making 3 peaks on the indicator, and he may make the fourth and go down But if it breaks, the possibility of a strong rise
Just a possibility😉
@TareqJan 31, 2023 Crypto Banter 
