This is a scenario of the BTC $BTC downtrend that may take months for some to understand that it is a trade analysis.
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Bitcoin $BTC after it regains the liquidity that has been drained from it to energy, for war ultimately has a victor and a vanquished, and it stops to stabilize the situation relatively and rises to 787. Then it drops to around 49000 affected by negative geopolitical and economic repercussions due to what happened, marking the last drop. Then the cake is shared, and the rise towards the top begins. Note The candles in the chart are for illustrating the path and are not based on analysis.
Just an opinion. The relationship between fundamental analysis and technical analysis, and which one is more appropriate. If we firmly believe that technical analysis is the working plan we follow in studying the currency and the outlook on what it will become in the future, then what is the position of fundamental analysis in this? Fundamental analysis includes routine events such as decisive elections and economic cycles; this routine often draws its impact on technical analysis because it is periodic and its timing is known, which affects it, but it aligns with the technical. And the more dangerous aspect is what is sudden: new decisions, wars, technological developments... these are often taken into account by the analyst. -#Question: What is its impact on the analysis and how does the analyst deal with it? As for the first answer, it is certain that emergencies have an impact on the analysis, either positively or negatively, but they do not undermine the foundations of what is already present. Simply put, if the trend or chart is technically positive and a positive news item comes in, it accelerates and supports it; however, if the impact is negative, it slows it down, and what was expected in a day may take a week, and vice versa in a negative chart. As for the analyst, he looks at the gaps or flaws that affect his plan, as he anticipates what will happen after the turmoil, looking at a new structure, a broken trend, and continues its course. And this is my opinion; I wanted to share it with you. What do you think?
$GPS This is what we recommended yesterday, we hit a stop with a violent correction and a decrease in liquidity, but we repeat that the currency is still showing excellent price action and is suitable for entry for those.
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