CryptoVillageCryptoVillage CryptoVillage CryptoVillage CryptoVillage CryptoVillage CryptoVillage CryptoVillage Away from the numbering in the picture because it can change and away from complications
I was following this analysis that it makes a retracement from the trend and comes back to break it
The movement was actually done, but what can happen after that?
We start with the negative scenario
We have a drop from 25, followed by a long occasional correction, and this is dangerous because the downtrend starts in this way and continues to descend with smaller corrections and descends again, and so on.
If the price cannot go back above 23500-24000, the drop will be highly likely, especially if it breaks 21300.
We need take care and see the next movement
But if we somehow saw consolidation above 21300, the beginning of a strong impulse upward, and a coherent correction, then the drop from 25250 so far may be a long correction, and it finished with it, and it breached 25.
Of course, it will be premature to talk about this penetration, but the shape will be unlike now
Simply, if the price remains weak, and its upward movement is weak, and it is unable to penetrate the last descending peak at 23500-24000, then it will tend to decline more and more.
But if something changes and a sudden force appears in the price movement and it starts to rise and consolidate and penetrate the descending peaks, the situation will keep changing.
We follow the next movement, will it be weak or strong?Mar 3, 2023 CryptoVillage CryptoVillage CryptoVillage CryptoVillage This is the annual bitcoin chart (each candle is a year)
We note that each previous market took a full year, and the year after that, two different things happened in the past two times.
In 2015, it completed a drop at the beginning of the year, and then it rose to produce an annual candlestick with a downward tail, in order to be a basis for the next rise.
For the second time in 2019, the year started with a rise and reached the highest annual closing in the previous bull market
If you want to search for a similarity or an optimist for the current year, and you want to know how many last of them can be
You can find a similarity between 2019 and this year, because the candle of this year started to rise
There is also a similarity on the smaller frame
If the similarity continues, then the price may have a maximum rise of 45k, which is the highest annual closing of the previous bull Market.
But do not forget that this is an annual candle, and it may have a drop inside it, and it will not appear on the candle if it goes up again.
This is a determination of the highest possible number only while keeping the bottom
Will there be similarities or will we see something different?Feb 23, 2023 CryptoVillage CryptoVillage $25,200 is the ceiling of the area that I identified a while ago, and I expected that there would be many shorts and many corrections for Bitcoin
Also, it is the weekly moving average of 200
That is why it is the last stronghold of the bears, who, if broken, would be lost and not know what to do next.
Of course, they will stick to the 30 after that
Far from the psychology of bears and bulls, the aforementioned resistance, the price tried it twice and fell strongly after each time
But like any resistance, it weakens from the amount of testing it, so if he is able to ascend to it again, the chances of penetrating it will be higher than the previous times.
And if he was able to penetrate it, he could rise quickly due to the liquidition of all the shorts thereFeb 19, 2023 CryptoVillage CryptoVillage CryptoVillage CryptoVillage CryptoVillage CryptoVillage 
