@Dealler6969@Breedlove22 Functional and athletic legs are much better looking under a functional and athletic torso. Functional and athletic legs look ridiculous under so much muscle mass, especially when they are a bit, how to say, compact!
@Truecrypto Actually what's even funnier is how people with money manage to forget that their peace of mind, free time, health and lots of other aspects in their lives are there because of the very same money they so much love to preach against. Never seizes to amaze me.
@SatoshiFlipper No hard feelings, but yes - you can try it for a change. And not even bearish, but more like realistic. After all, you've been so bullish all the way from 125k to here...
China just made a Robot that can clean your house and take care of you.
Now imagine in the future you can customize that robot to look more like Sydney Sweeney.
The fertility rate would be closer to zero by then. 🤣
How real bottoms form.
People want to know if this is the bottom. The truth is that bottoms are not single candles. They are structures. They form slowly. They take effort. And they force you to read the chart without jumping ahead of it.
Right now price is still trapped inside the full range of the February 5 down candle. That single candle has contained price for almost a month. Until we break out of it, everything that happens inside is just noise. Even if the low is already in, structure still needs time to develop.
Look at the chart. The bounce from 59.9 has only taken us into the lower part of the range (top of the last capitulation candle) and into some early moving average resistance. That is normal. A market that just dropped from 98k to 59k is not going to reclaim higher timeframe levels in a straight line.
If this is the early stage of a bottoming process, the signs will always show up in the same places. Key horizontal levels. Key reclaim points. Key acceptance zones. And whether those levels fail or hold on higher timeframes.
The first chart shows the zone we are stuck in. This is your candle range. Until price escapes the full body and reclaims it, there is no thought of a structural shift. Bulls need to take back that zone and hold above it. Not wick above it. Hold above it. If price breaks out but cannot accept at the new level, that is not a breakout. It is a trap.
The second chart shows a more typical bottom. A large selloff. A range that forms. A slow reclaim of lost ground. One level at a time. Each level becomes a test. The market either accepts the reclaim, or you get a swing failure pattern that rejects and sends the price lower. That slow crawl is common because bottoms form when buyers gradually prove they are willing to absorb the supply that forced the initial drop.
The third chart shows the rare version. The V type. These happen when you get a violent move down followed by immediate defense of the wick lows and the close. Notice how clean the stepping structure is. Price fights through each area of resistance. It does not teleport. It grinds. It reclaims. It accepts. Then moves to the next level. That is the clue for a real V-bottom. Not the violence of the initial bounce, but the calm strength that follows.
In both versions, the key is the same. Horizontal levels. Are they reclaimed. Does price accept at the new level. Or do you get rejection or a higher timeframe swing failure pattern.
This is why the next stretch matters. A move into 74 to 76 will tell you who is in control. A push into 78 to 80 tells you how much supply is left. A test of 83 tells you if the deeper levels are being defended. Acceptance at any of these opens the door to the next. Rejection or failure at any of these warns you the bottom still needs more time or lower levels.
Bottoms are built by watching the reaction at each step. That is the entire game.
You do not predict them. You read them.
If this is going to be a V type, you will see clean stepping. If this is going to be a range type, you will see sweeps, failed breakdowns, and slow absorption.
If this is not the bottom, you will see failed acceptance at the key reclaim zones.
The chart will tell you everything if you stop searching for a hero candle and start focusing on structure. Most traders look for magic instead of levels. But it has always been the same. A real bottom reveals itself one reclaim at a time.
Watch the levels. Watch acceptance. Watch the reactions. Do that and won't get caught offside with a bias, do that and the market will show you the bottom long before the crowd sees it.
@truecrypto You can just narrow all this yo Health and Money. Plenty of those two will give you enough time and opportunities for all the rest and many more.