Hello everyone,
let´s have a look at the monthly chart of Bitcoin. You can see logarithmic trend line and the price was swimming in the comfort zone and we´re STILL in this comfort zone!!! ( Now take a deep breath and go on reading)
What I have drawn are the last two bear seasons. The Price went down up to 86 % and it took about 3 years to see reach that level again.
The downtrend phase took about 1,5 - 2 years, before the bulls slowly could take over.
Now drawing the fibonacci levels shows us that the price always went under the .786 level and bounced back for a trend reversal.
The current cycle or last ( whatever you want to call it) has the interesting fact, that we have seen two close aths with short correction period. With both aths Bitcoin has built a so called double top, which is supported by the fact, that the MACD made a bearish crossover.
I would say, that the bear have finished winter sleep early and I will not be surprised on lower price levels down to 20 k ish...
Th bullish scenario was a maximum oif 76-79 k USD before dipping down, but the market is exhausted, inflation, corona and many other different impacts made the market lose money.
I am sure, that a lot of whales and others cashed out in profit, which is good. Never forget to realize your wins!
Give me a like, tell me your point of view and don´t forget to follow me on my social channels :)
let´s have a look at the monthly chart of Bitcoin. You can see logarithmic trend line and the price was swimming in the comfort zone and we´re STILL in this comfort zone!!! ( Now take a deep breath and go on reading)
What I have drawn are the last two bear seasons. The Price went down up to 86 % and it took about 3 years to see reach that level again.
The downtrend phase took about 1,5 - 2 years, before the bulls slowly could take over.
Now drawing the fibonacci levels shows us that the price always went under the .786 level and bounced back for a trend reversal.
The current cycle or last ( whatever you want to call it) has the interesting fact, that we have seen two close aths with short correction period. With both aths Bitcoin has built a so called double top, which is supported by the fact, that the MACD made a bearish crossover.
I would say, that the bear have finished winter sleep early and I will not be surprised on lower price levels down to 20 k ish...
Th bullish scenario was a maximum oif 76-79 k USD before dipping down, but the market is exhausted, inflation, corona and many other different impacts made the market lose money.
I am sure, that a lot of whales and others cashed out in profit, which is good. Never forget to realize your wins!
Give me a like, tell me your point of view and don´t forget to follow me on my social channels :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.