From the point where we placed the red arrow on the chart, it seems that a large-degree triangle on the GRT chart has completed, and we are now in a new wave sequence.
In these new downward waves, wave A/W has completed, and it now appears we are in the middle of wave B/X.
We are looking for a rebuy opportunity around the green zone.
It is expected that during the middle of wave B/X, there will be a correction down toward the green zone, followed by an upward move to continue wave B/X.
A daily candle closing below the invalidation level will invalidate this analysis.
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We are still within the Fibonacci levels of wave G and the red zone from the previous analysis.
In this update, we have refined the supply zone within the broader supply zone from the previous analysis.
This outlook is still valid for Bitcoin, and wave G may soon come to an end, potentially leading to a drop in Bitcoin.
A daily candle closing above the invalidation level will invalidate this outlook.
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After hitting the two resistance lines marked on the chart (yellow circle), we saw a reaction, but it doesnβt seem like the trend has changed.
Thereβs a possibility that a double top could be forming on the dominance chart.
This suggests that selling pressure on altcoins may continue until this index approaches its peak zone.
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This index is ready to retrace and bounce upward from either Demand 1 or Demand 2. Be cautious with this index and monitor it closely.
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Upon hitting the marked green zone, it pumped over 72% and TP1 was hit.
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An important trigger line has been broken, and the price has been moving sideways for a while.
There is also a bullish CH on the chart.
It is expected that the price will make a pullback to the support zone and then move toward the supply zones higher on the chart. We are looking for buy positions at the entry points.
A daily candle closing below the invalidation level will invalidate this analysis.
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By analyzing he GUN chart, a large wave B can be identified, which started from the point marked with a green arrow.
This wave appears to be a diametric, and we are currently at the end of wave F of this diametric. It is expected that wave F will complete at the green zone and wave G of the diametric will begin from there. Wave G is bullish.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
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This analysis is still valid.
Ethereum has a liquidity pool above the chart, and just behind that pool, there is a fresh order block.
After sweeping the liquidity pool and hitting this order block, the price is expected to drop toward the flip zone.
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In the previous analysis, we mentioned that the price bounced upward from either Demand 1 or Demand 2.
Considering that the trigger line was broken with a valid candle, it seems the orders in Demand 1 were sufficient to push the price upward.
As long as the new demand zone holds, we expect the price to move toward the orange box.
The orange box appears to be a strong resistance zone, and we will definitely see a reaction there.
Letβs wait and see what happens.
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The price hit the order block and swept the liquidity pool; this move is still valid
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A pullback was made to the new demand zone. This move is still valid
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We have been warning about a potential Bitcoin correction for some time. It appears that wave G has ended, and key levels have been lost. If the price reaches the red box, it is expected to be rejected downward.
The green zone is a relatively strong support area for Bitcoin, and we should closely watch this level.
A daily candle closing above the invalidation level would invalidate this analysis.
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Through various analyses, we issued warnings about the bullish nature of this index. Since our analysis, it has pumped by 3.8%
Trade with peace of mind | stay with us.
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After hitting the marked zone, it has dropped by over 3.39%
It's wise to take profit here, as Bitcoin could potentially move back toward the red zone | or even beyond | from one of the two green boxes | Pay attention to the yellow arrows.
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