I believe this week is key for BITCOIN...
Before the halving and even after, we are going to have a few BITCOIN shocks, one is the one we are experiencing, with a 12% drop from the maximum.
If we analyze a little on the 4h chart and use the "Fixed Range Volume profile", we can see 2 interesting supports where BITCOIN can fall, the first at 62K, a place that we have already tested a couple of weeks ago and perhaps not already have a lot of liquidity to look for.
The second support is at 51K, this support has not been tested yet and we see that there are many free gaps from 51 to 62K...
Personally, I hope that the 62K support is strong enough to continue the bullish cycle but I fear that it is most likely that we will go down to 51K...in any case, the reloading of my positions is guaranteed in either one or the other...this is not over even though we are experiencing the most atypical cycle in the history of BITCOIN.
In any case, I still think that this cycle is going to be historic and is going to leave many people off the game board who are going to enter late.
Posted Using InLeo Alpha
That's still in the cards. As you said, next week will be crucial to decide the short-medium term direction. Personally, I think it's over... for now. And also, I agree that this cycle is atypical and we need to account for that.
It does look like those two areas are key. Did you take some profit when BTC pumped if you are reloading?
Yes
This has happened every time, so there is no problem at all. My analysis also says that Bitcoin will reverse from the support of 62,000, so this time it has given people a chance to make money. To take entry to put.
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We are in for a long dip and we'll the correlation has been long expected
We might be in for a more dipper dip than we might actually be expecting. Well we actually need that correlation though
Hello @toofasteddie.
We had to remove your upvotes on both scam accounts "biyimi" and "precab".
excellent, no worries