Technical analysis by Monstralian about Symbol BTC: Buy recommendation (8/21/2024)

The range phase has now lasted for six months. I want to make it clear that this is one of the most aggressive patterns you can encounter in the market. The main objective of this trading range is to weaken market participants and provoke mistakes that affect their wallets. This often leads to behaviors like:Selling at a small loss after holding for a long time.Trading futures based on the "feeling" that the market is going down.Leaving the crypto market entirely and moving to other markets.Remember that in March 2020, the market began to pump during the height of negativity surrounding the COVID-19 crisis and global lockdowns. Why? Because people sold their BTC out of fear and to keep cash on hand. The market makers saw this as a prime opportunity to absorb those quantities. Later, people jumped back in at 65K, only for the market to correct down to $32k because too many people were buying.The same thing happened in October 2022, amid intense negativity due to war and inflation—the market pumped from $15k.Keep in mind that Market makers and whales aren’t playing by “logic”; their game is driven by emotions.In conclusion : As I explained in many of my tradingview Ideas , pattern is bullish. Target is 80k.Free your mind ! BTCUSDT BTCUSD BTCUSD BTCUSD BTC.DMy target is reached . This does not mean the price is going down ;)