Bitcoin VS Psychology of a market cycle
Hello Traders and Investors. I hope you are doing well.
Let's start with the local analysis. On the Bitcoin chart, we got a strong impulse growth, the price came to the level of 19k. And a lot of people have a question: "Has the bull run started? ".
On the technical analysis side, there are two very strong resistance zones ahead. And a very important high is $21,473. Only after updating this high the downward structure will be broken and the road to 28k-32k will be opened.
At the moment I see a huge positive in the market and that worries me a bit.
I want to finish this idea by comparing the Bitcoin price and the cyclical market psychology chart. Take a look and compare, it will help make a long-term plan.
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Let's start with the local analysis. On the Bitcoin chart, we got a strong impulse growth, the price came to the level of 19k. And a lot of people have a question: "Has the bull run started? ".
On the technical analysis side, there are two very strong resistance zones ahead. And a very important high is $21,473. Only after updating this high the downward structure will be broken and the road to 28k-32k will be opened.
At the moment I see a huge positive in the market and that worries me a bit.
I want to finish this idea by comparing the Bitcoin price and the cyclical market psychology chart. Take a look and compare, it will help make a long-term plan.
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
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