FOR GUIDANCE USE ONLY: READS LAST BULL RUN then BEAR MARKET
Trend Analysys
Chart patern
2024-08-08T08:05:59+00:00
Trading Idea Description:
Based on the latest analysis using my algorithm indicator wave trend, we have reached a critical low point, aligning with historical patterns. This signal suggests an imminent rise, indicative of a bullish trend. For reference, I've established a set of rules for guidance.
Keep in mind, volume dynamics, particularly around halving events, can vary significantly. Observe price movements in the context of zigzag patterns - an upward move from bottom to top signals a bull run. A cycle starts anew from the bottom, progressing upwards akin to phase 2.
As the wave ascends, vigilance for bear market signals is essential. Historical data indicates that the last bull run occurred during phase 2 when the trend wave was on the rise. Upon reaching the peak, the trend wave's subsequent descent signifies a bull market.
At present, all indicators point towards a bull market. Despite some interpretations favoring a bear market, we are on the verge of another upward movement, potentially our final bull run. Progressing to phase 4 will be contingent upon future chart readings.
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