BehDark (EN)
The market we are in now is called a nonsense market to attract liquidity
Tether dominance dropped without the recovery we expected. Now the trend line is lost and the supply range is formed on the chart. We expect a rejection to the downside from the red range
A daily candle close above the invalidation level will violate this analysis
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BehDark (EN)
In the previous analysis, we mentioned that the red zone marked on the chart could potentially be broken.
From the point where we placed the red arrow on the chart, Bitcoinβs diametric pattern has completed, and it has entered a corrective phase.
It now appears that we are in wave B of a running flat, and wave B could complete around the all-time high or slightly above it.
Letβs see whether this move will play out or not.
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BehDark (EN)
The previous analysis has expired, and the price moved up without any correction. This type of movement is usually intended to attract liquidity, and once liquidity is absorbed, the price often goes through a correction.
From the point where we placed the green arrow, Ethereum has entered a bullish phase.
It now appears that we are in wave B of this bullish phase. The price may get rejected from the red zone.
Price can be rejected from the red box.
Do not enter any positions without confirmation, as the price may even continue moving up to the top of the red box.
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BehDark (EN)
In the previous analysis, we expected the price to get rejected once it reaches the red box | and that expectation hasn't changed.
The price is now approaching an important support zone and hasnβt yet pulled back to the broken trendline.
Itβs expected that the price will soon recover from the green box, move toward the red box as a symbolic move, and then get rejected downward again from the red box.
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BehDark (EN)
This analysis was published on time, and since its release, the index has grown by more than 3%.
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BehDark (EN)
After the pump and hitting the red zone, it got rejected.
It's better not to open a short position on Ethereum, as its dominance appears bullish | which means it might be resilient against a potential drop.
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BehDark (EN)
Last week, Bitcoin made a sharp bullish move upward, aiming for retail liquidity, which made the forecast path more difficult.
The green zone is a support area where Bitcoin might react.
To collect the ATH liquidity, Bitcoin needs to break through the red zone.
Letβs see what happens | when the market direction isnβt clear, thereβs no need to take unnecessary risks.
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BehDark (VIP)
β
FLM . For Archive
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Forwarded from BehDark (VIP)
Entry range: 0.2223 - 0.2311
Targets: 0.2045 _ 0.1865
Stop: 0.2407
Leverage: 2X
Balance: 6% of capital
By #Jacob
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BehDark (EN)
After the pump and hitting the red zone, it got rejected.
It's better not to open a short position on Ethereum, as its dominance appears bullish | which means it might be resilient against a potential drop.
The closing of a daily candle above the invalidation level will invalidate this analysis.
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BehDark (EN)
I correctly identified the upward movement in Tether Dominance in the previous analysis, but with the news of war in the Middle East, there are now bullish triggers for this index.
It is expected that the price will at least surge upward toward TP1.
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BehDark (EN)
This move has been almost completed. Due to the news of the Iran-Israel conflict and the potential escalation into a larger war in the Middle East, the market has experienced high volatility, which may continue.
We will update the Bitcoin analysis soon.
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BehDark (EN)
The price reached the two red lines from the previous analysis and reacted accordingly. A gradual price and time correction is expected.
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BehDark (VIP)
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BehDark (EN)
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