BTC's following it's way down! Time Cycle perfectly in play!
Hello everyone!
As I mentioned in my last Post, BTC would break from that bear flag and test the lower support of the channel.
Target reached so far.
No Magic needed to see, that we are in a big bear market. Also that with high probability we will retest the lows from April.
The first and very important sign that this market is gonna turn down again, was, that we didn't make any new highs, which is very important for a market that supposedly bottomed.
Around that 10k level, BTC showed a lot of weakness.
As you can see, the Cycle that we are in, is perfectly in play. Changing to a real bull market might change that picture.
I focus on the longer term movements and not on every tick. In this market environment it's the safest, to catch the big moves. Enter before the market makes a big move. Trying to catch the turning points and let it run, because there's so much noise which makes trading much more of a challenge. To make forecasts in the short term makes it sometimes impossible, but the big picture is definitely clear.
Good trading everyone!
As I mentioned in my last Post, BTC would break from that bear flag and test the lower support of the channel.
Target reached so far.
No Magic needed to see, that we are in a big bear market. Also that with high probability we will retest the lows from April.
The first and very important sign that this market is gonna turn down again, was, that we didn't make any new highs, which is very important for a market that supposedly bottomed.
Around that 10k level, BTC showed a lot of weakness.
As you can see, the Cycle that we are in, is perfectly in play. Changing to a real bull market might change that picture.
I focus on the longer term movements and not on every tick. In this market environment it's the safest, to catch the big moves. Enter before the market makes a big move. Trying to catch the turning points and let it run, because there's so much noise which makes trading much more of a challenge. To make forecasts in the short term makes it sometimes impossible, but the big picture is definitely clear.
Good trading everyone!