BTC/USD Secondary trend. Medium-term work. Pivot zone

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Logarithm. The time frame is 3 days. Uptrend channel. Local descending channel. Pivot area.
Linear price chart for clarity (without “market noise”).

Secondary trend. The accumulation zone and its exit. Time frame 1 day

BTC/USD Secondary trend + Local work. Channel. Accumulation
BTC/USD Secondary trend + Local work. Channel. Accumulation.



Local trend. Time frame 1 day

Locally on the daily time frame on the candlestick chart "bullish absorption" after FUD relative to Binance US.
The price of digital gold CB near the 273 zone.

Snapshot


The altcoin market.

Most altcoins are now at their support zones of long-term accumulation channels of 13 months. On some of them under the support were able to beat the stops. Example ATA, most altcoins are similar.

Snapshot
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You must consider all probabilities and beware of those probabilities that you would like to realize in your favor. Otherwise, you will deceive yourself without noticing it. Thus, you will not be prepared for unusual situations in the market.

Other people's fear, complacency, unpreparedness, shock, lack of understanding of what is happening and what will happen—turn that into your gain on the horizon of opportunity in the market.

Be less greedy—you'll be richer.

Hurry slowly, always doubting, even when that feeling is not there, and there is one inspiration and anticipation of a quick Jack Pot.
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A very important point for the development of the BITCOIN trend and the cryptocurrency market as a consequence in general.
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Snapshot Bitcoin in the moment is still in the reversal zone. Local slight decrease again to the level of 25351.02
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Snapshot Bitcoin locally approached the resistance of the descending channel to the zone 26 660. The reversal zone from which the further development of the local and medium-term trend depends.
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Comparative analysis. Fractals.  Bitcoin and Nasdaq. Lagging.
Comparative analysis. Fractals. Bitcoin and Nasdaq. Lagging.
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Snapshot Bitcoin locally approached the resistance of the descending channel to the zone 26 660. The reversal zone from which the further development of the local and medium-term trend depends.
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Snapshot Breaking through the resistance of the descending channel (trend), about +5% to the level of 28390.11. It is important to fix the price above this level. Now the price is 28180.

Alts have similarly come alive. If bitcoin consolidates above the 28440 level zone, we may see "fireworks" on low and mid-liquid alts.
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Snapshot +13.10% from the 27300 level to the 31327 (30800) level zone. The price is at the channel meridian zone. The alts pulled similarly (most market participants are still "doubtful", that's why there is no "panic bai" yet). When bitcoin goes to the local sideways, mid-liquids will take turns to pump.
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Snapshot The price of bitcoin reached the level of 31,327. Poll with this value 13 06
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Snapshot Price consolidation under the level of 31,327. Rising channel. Fractal logical repeatability.

High probability of an impulse due to #StopLoss of short positions when sufficient volume is gathered. Although it can be done as in the first local cycle in the channel, first to liquidate #StopLoss long, then only to make an impulse upwards due to the domino effect of triggering #StopLoss short positions. It all depends on what volume, accumulated #StopLoss and which way is more profitable to go against the expectations of the majority.
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Snapshot 25 days after +15% momentum price is in a 6.1% squeeze. The price is approaching the support of the uptrend 1-3 days and the price will approach the reversal zone. Who works locally, specially marked stop zones, there may be a "steam down", be careful, observe risk management.
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Snapshot 31 price clamping. since July 18, that is 4 days liquid exchanges clamped orders in a spread in a super narrow range of 1.6% at the level of 29,525.61. The price has approached the dynamic support of the uptrend line. There will be a decoupling in the near future. Perhaps the stops will be taken out first.
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Snapshot The price is squeezed in front of a strong price movement in a very narrow range of about 1.5% for 1 week already between the local levels 29,096.94 -29525.61 (liquid exchanges algorithm)
The price is moving in a local descending channel from the zone of 31,327 level.
Zones of stops (takeouts) for local trading showed.
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Snapshot this is what the entire secondary bitcoin trend looks like right now (up +72% from the average accumulation price at the moment).
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Snapshot Consolidation in a narrow range continues. The chart shows the reversal zone and key local support/resistance levels that have “shorted” (market fuel for local impulses). Also shown is the % from this zone to the first significant resistance at 31327 and the 36600 zone.
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Snapshot c reversal zone big impulse -13% to the price level 25351. Bounce. Local levels and percentages for work
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BTC/USD Secondary trend. Channel. Pivot zones. 18 08 2023
273binanceBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTCryptocurrencycryptotradingParallel ChannelPivot PointsTrend Analysis

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