Logarithm. Time frame 1 day. Accumulation zone. Horizontal channel with the step of 63% more than 9 months. The price is at the breakpoint of its resistance.
This is how the channel looks like on the line chart.

Close to an identical trading situation in the past. Time frame 1 day.
BTC/USD 2018 -2019 Psychology. Cycles. "the bottom and the thirtieth bottom".

Completely this secondary trend. Time frame 1 week.
BTC/USD Just % Comparison with 2013-2015 Decline

Main trend. Time frame 1 month
BTC/USD Main trend. Cycles. Halving. Surrender zones.

This is how the channel looks like on the line chart.
Close to an identical trading situation in the past. Time frame 1 day.
BTC/USD 2018 -2019 Psychology. Cycles. "the bottom and the thirtieth bottom".

Completely this secondary trend. Time frame 1 week.
BTC/USD Just % Comparison with 2013-2015 Decline

Main trend. Time frame 1 month
BTC/USD Main trend. Cycles. Halving. Surrender zones.

Заметка
If we look purely at the TA formations, we have formed a large expanding triangle, which, in case of an upward breakout, can become the canvas of an upward pennant. If downwards (movements within the formation), then to the upper zone of the accumulation channel, then with a high degree of probability a return back.
If you are trading locally or medium-term, then remember that the average price of a set is about $20,000. Long term, you don't have to worry about it at all. Like before the old big bull cycle 3200 or 3800 or 5000 to reset $40,000
With a high degree of probability, “stick” resets like 03 2020 (probability no more) can be under events, but after them the same lightning-fast recovery. Especially at a time where distrust is stimulated in the former financial system and methods of preserving the value of labor (banks, liquidation of cash, inflation).
Заметка
Tenga en cuenta qué tipo de FUD comenzó en TRON.
💰Tampoco olvides que la blockchain más popular para las transacciones de #USDT stabelcoin (miles de millones de masa monetaria) es la red #TRON
🏛Recordad el criptojuan offshore de USDT sobre la blockchain #TRON y el abstracto fud 28 01 2023 de Justin Sun sobre la adopción de TRON y sus tokens a nivel oficial de un "país importante
Заметка
Politics. Astrology. Psychology. Manipulations.
I put major financial and political planned events on the chart, as well as astrological events (collective unconsciousness) that may affect the markets (not just bitcoin). The first and second are closely related. Locally you can also apply the phases of the moon, I didn't do that so as not to clutter up the chart.
Locally will be a pain for everyone. Medium term I think it is clear how the trend will develop.
Заметка
This squeeze will now locally serve as a strong mirror support level. All the time in this squeeze zone in the narrow bitcoin price range, many large and medium wallets were adding to their balances (rebound position).
On the 12th, important macroeconomic data on US inflation levels (most likely to be positive or “stable”), as well as ETH network update (here they can play as they wish on profitability).
Заметка
I purposely showed a line chart for clarity instead of a candlestick chart to show the fractal structure in an uptrend. I will tell you more about the local reversal zones in more detail in the voice message.
Заметка
Now the price is back to the breakout zone, i.e., 28390.11. In this zone and decides what will be the further development of the local trend (fixing / not fixing the price).
Заметка
Falling price - embodiment of the fractal channel structure as before 92 stop zones)
Growth of the price - the first local target to the channel resistance.
The percentages from this zone from the key levels (decoupling) are shown on the chart.
It's worth noting that some major market participants have transferred substantial amounts of stabelcoins to exchanges. For example, Justin Sun 56 million. Consequently, strong price movements are expected in the near future.
Заметка
The next local short stops zone behind it. The potential of this channel in the case of a reversal is shown. Logically, if it happens, the first local target zone is the mirror resistance level 28390.11
Alts are also declining after bitcoin, many have almost reached (from the middle accumulation channel zones) their channel supports. I advise to take a closer look. Remember, there may be a carry (not necessarily) in the stop-loss zones (this almost never happened), so use it and do not be afraid. Work in parts, respecting the risk management without margin (this is important, very important).
Заметка
The percentages from this price squeeze zone to local support/resistance levels are shown on the chart.
The altcoin market similarly stands at the lower zones of its accumulation channels. In the zones of long stops almost anywhere the price was not directed (not necessarily).
Заметка
On the alts, which, as a rule, near their supports of long-term accumulation channels, similarly, all the stops in the long are knocked out.
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✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.