As this 3rd major correction of the bull market ends I am looking for a 50% + markup until the next correction.
In the short term I expect a 50% move up. CMF shows that to keep the price at this level the money has already started flowing back in to Bitcoin. Based on RSI trends and CMF turning positive I expect the chart to go parabolic for an approximately 2 week period before the next correction and re-accumulation.
If the price goes below $10000 for a short period of time that is fine,
but if it breaks below $8700 I will have to reconsider my bets.
In the short term I expect a 50% move up. CMF shows that to keep the price at this level the money has already started flowing back in to Bitcoin. Based on RSI trends and CMF turning positive I expect the chart to go parabolic for an approximately 2 week period before the next correction and re-accumulation.
If the price goes below $10000 for a short period of time that is fine,
but if it breaks below $8700 I will have to reconsider my bets.
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