Sideways movement is likely.
Greetings.
There are very high expectations that bitcoin and with it the market will go down.
If you think so, I will not dissuade you.
The 2024 market is very different from 2020-21 and 2016-17.
There is a lot more manipulation and sideways movement in it.
Here are a few things I noticed on TOTAL.
On the left is 4H chart.
Kijun has crossed the red cloud and
Tenkan may act as support for continued upside movement.
9 seasons of rainbow show a developing bullish signal.
Oversold (blue) has changed to green (rising) on the two ribbons.
On the right is 1D.
The nature of the fickle clouds (red-green-red-green-red-green) hints that this is a sideways move, AND right today the kijun-sen line is being tested. If the market finds this support it will move towards the green clouds, but these swings could be in the 1.8-2.2 trillion range.
SQZMOM is showing signs of reversal.
There are very high expectations that bitcoin and with it the market will go down.
If you think so, I will not dissuade you.
The 2024 market is very different from 2020-21 and 2016-17.
There is a lot more manipulation and sideways movement in it.
Here are a few things I noticed on TOTAL.
On the left is 4H chart.
Kijun has crossed the red cloud and
Tenkan may act as support for continued upside movement.
9 seasons of rainbow show a developing bullish signal.
Oversold (blue) has changed to green (rising) on the two ribbons.
On the right is 1D.
The nature of the fickle clouds (red-green-red-green-red-green) hints that this is a sideways move, AND right today the kijun-sen line is being tested. If the market finds this support it will move towards the green clouds, but these swings could be in the 1.8-2.2 trillion range.
SQZMOM is showing signs of reversal.
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