Where are we on the cycle of #BITCOIN, this chart explains.

we are obviously up against 26EMA resistance, this chart clearly shows where we are in the Bitcoin cycle. be prepared for it to play out exactly as it has in the past. this should be a roadmap of what can be expected should Bitcoin act exactly as it has in the past, and i get more and more confident this scenario plays to a T as the days go on, i say slow grind down over the next 4 weeks providing a local bottom at or around 25K a bounce back to current levels and then some serious red, down to the 7-9 k level, this is not overall bearish, but a very Bullish scenario. BTC cannot go straight up with out corrections. Good Luck Traders.

評論:

correction, 21EMA sorry for any confusion.

評論:

And just to be clear, i do not think 7-9 K is on the table just yet, but a 53% correction off the EMA21 to the downside brings the Low in at around 16K. but we should Hit 25k then another heavy bounce to the upside first 37-39K before hitting the the 16 K final Target and will take some time to play out, as I've stated before July 2022 should be another Bottoming event. Load up as you will not want to miss out on the next pump. Good Luck