What do we have this time?

8 Mei

Hello, dear friends! 🩷In your opinion, does the price formation look like it's heading upwards or downwards?🧐 Let's disregard the halving event and the moonshot hype.

https://www.tradingview.com/x/yi5JKbEr/

🤷🏽‍♀️To be honest, in 2020 everything seemed quite obvious to me:
🟢there was significant accumulation;
🟢all possible indicators were giving bullish signals;
🟢chart patterns were also quite positive;
🟢additionally, there was the halving event.

What do we have this time?

🔴The price is moving in a downward trend;
🔴Indicators are bearish;
🔴Chart patterns seem to indicate uncertainty in the medium-term perspective;
🔴The halving event has occurred.

I'm so interested in Your opinion. Bitcoin cycles have been stretched in time (each subsequent one has been longer than the previous), so it's quite plausible to expect a price decrease followed by further growth, possibly not very rapid. What do You think?

Thanks for Your attention 🫶
Always sincerely with You, Kateryna💙💛