This is a quick sketch of a thought: What if Bitcoin is correcting like the bubble of Spring 2013 instead of the subsequent one in November? It's tough to say if we'e reached bottom yet. However, if we are indeed following the pattern of the last Block Reward + Bubble era then this era will have the Bitcoin price recovering from this correction over the next few months and then leading to a bull run possibly up to $100k/bitcoin before we see a possibly year long (or more) correction.
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Let's see if 4 is already in or if double bottom is needed.Заметка
Evidence suggests good chance 4 is in. Fiat reserves incase of sharp decline not a bad idea. Also not a bad idea to sit on your hands until market begins to move.Заметка
Careful selling into fear.Заметка
Price resting on that lower mid channel line. A bounce here would be nice but would not guarantee end of bear trend.Заметка
As it was written elsewhere, "I find it hard to believe that a growing institutional sentiment toward cryptocurrency / blockchain, will be the catalyst for a bearish market or full retracement "Заметка
This would be a nice place for a bottom.Заметка
Follow the blue path? :DЗаметка
A retest of that lower trend line around $4k is possible if momentum doesn't change soon for Bitcoin.Заметка
Wave 4 in IMOЗаметка
Close to or nearly at bottomЗаметка
Based on this chart we have touched support and are ready to move up!Заметка
Sitting on log support.Заметка
Support brokenОтказ от ответственности
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.