When in doubts - Zoom out Hello everyone.
If you´re lost in mid/long term cycle/ right market side I would recommend just to ZOOM OUT
** Last time I´ve called local bottom it was at 3K range and it was based on Volume **
but supported by RSI indicator bull divergence as well
Now if you check out the Crypto Total Market Cap volume, RSI, MA´s, as well as supports/resisstances
You must realize how big is the amount of huge buy volume compared to the previous price action
Further confirmation by patterns:
+
Closer view on Bull Divergence on Daily chart + Basic W1-5 Eliott Waves
**Latest High (13K USD/ 400b tmc ) Called based on bearish divergence here:**
Longer term tracking on Weekly chart:
If you appriciate my work efforts I would appriciate like for this TA
&
If youre in doubts or have any questions then feel free to ask in comments below the chart.
Wish you all nice Weekend
Cheers
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Risk Disclosure
DISCLAIMER: This is not a financial advice ! Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. The valuation of asset may fluctuate, and, as a result, clients may lose more than their original investment. Investing will have impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. As an investor, it's crucial to know how much of your money you could lose and what circumstances could cause this to occur. Always do your own research and think twice before you invest.
