In every cycle there is around 1400+ or approximately 4 years, at least 1 year bear then the remaining as bull season.
Based on 7D time frame, 3 possible bullish divergence emerges.
1. Bullish Divergence
2. Breaks the downtrend resistance and now becomes the support
3. Breaks/breaking ( as the 7D did not yet end ), the longterm uptrend.
If the cycle repeats itself, we still that more or less 2.5 years before the next peak ends (around October to December 2025).
On short term note, immediate resistance close to 28.7K, immediate support around 26.5K.
Set your alert and trade cautiously everyone.
Based on 7D time frame, 3 possible bullish divergence emerges.
1. Bullish Divergence
2. Breaks the downtrend resistance and now becomes the support
3. Breaks/breaking ( as the 7D did not yet end ), the longterm uptrend.
If the cycle repeats itself, we still that more or less 2.5 years before the next peak ends (around October to December 2025).
On short term note, immediate resistance close to 28.7K, immediate support around 26.5K.
Set your alert and trade cautiously everyone.