Technical analysis by denizornek about Symbol BTC: Buy recommendation (5/5/2024)

We have before us a chart where the bottom of the wedge is violated (because they scared some of you well) and turns to the middle band of the channel (dashed line). In fact, as seen in the chart, it even retested the point where it broke at 63 thousand. I don't think it will happen again: Now, it is normal to throw it on the middle band, fall down, throw it on it again and get stuck like a saw. This is truly the nature of the channel midbands; Greetings to Emre Dere who pointed out and explained this issue. Also, halal; There is also a support and resistance level passing right in the middle between the channel middle bands and the lower / upper edges; It is also possible to install it in a rebound style from there in the short term. You may have read that the whales entered the water again. DMI's reading is as follows: adx, meaning the power indicator is falling; ADX was valid for the (di-) value; So the sales frenzy is losing its power. Even though CVD (Cumulative Volume Delta) does not seem to be very nice in the past, its horizontality should not be overlooked and it is about to intersect with the MA. Note that this is occurring on the Daily chart. Additionally, the four-hour Bollinger mid-band support broke the hourly mid-band resistance. I think this situation speaks very clearly. Reason ate fear in the short term. Macd ; This was a slightly unpleasant correction, he says; I expect long-term new people, those who know nothing, those who have not learned anything, and institutions to intervene with the huge BUY signal on this "daily" chart. Even Grayscale logged in months later. The signs show 88 - 94 - 120 and 140 defects, the story of the US interest rate cut is actually a story ;; Pro traders are used to motivating themselves in this way, thank goodness the graph shows that the correlation between them is actually weak. Let you know too. So Bitcoin has a different story. So what do we do with altcoins? Will we wait for the contribution of Bitcoin's price movements to global awareness to benefit altcoins? Or will the tokens and coins of actually working projects be separated? RWA, Depin ecosystem, Ai projects may be places where smart money will invest. Except for Rwa, they already present an almost integrated situation. Although Oracle is also partially included in RWA. . Additionally, major Dapps projects such as RSR, Curve, Lido have now matured. RSR is particularly different from others like semi-RWA. If you know similar coins or projects, please write them in the comments. In other words, a safe haven in risky, uncertain and busy times. I wonder if a part of the blockchain field should be included in the conversation? It looks like it will be added I'm not counting cat and dog MEMES; what happens in them; Whoever's game explodes last, that is, who gets sad while you rejoice? Stay away, do not test each other and yourselves with greed. After all, if this group of completely dysfunctional coins were not on the market even as an idea, wouldn't the ALtkoin season come? It wouldn't be asked as such because that money would flow to ideas and projects that create value and work. Kapish?