Three dead cat bounces, now we are developing the second one. After that we get the third dead cat bounce. A nice sell off will continue to that to get the perfect buy opportunity again around 24.000$. New ways to explore the moon we will get after it for 2022.
Note
I guess it will take longer than expected. And the highs will be higher than I previously thought. A touch of 59.000$ is possible in this second dead cat bounce.
Note
In my opinion, it will take a bit longer again, we have a macrostructure developing in all the great stock markets (NASDAQ, DOW JONES, S&P 500...) in a macro perspective until the year 2030 or so. In history, the greatest bubbles take always longer and longer to develope, so people can't say it's a bubble.
Can you see it? In a few years the media pumping all the gains of the years before, causing the FOMO (Fear of Missing Out) to cascade and influence on the average population of the Earth.
Ok, now talking about Bitcoin, I think a 4th trap is on the play (in May 2023), so people will get desperate and sell in a loss (sept 2023). A last panic sell until 18.500$ aprox is on the play. But before we range in this macrostructure before we see new highs.
I can be wrong, but this is are my honest thoughts on the current market.
Note
Here the previous chart, but with a play button (not as image).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.