Bitcoin / TetherUSUpdated $BTC- Get Ready To Bave It!
There is no quick fix to exiting the bear market ! So patient is the only solution here.
This could continue till 2nd to 3rd quarter 2023 before we can begin to see a reasonable market turn around. In between, it is expected to see a more market consolidation/ranging period.
BTC has > 50% of dropping within that red box and equally bouncing from it.
Also take note of the previous capitulation volume and RSI over the years and compare to what we have presently, this might be a sign that are we are nearing the nadir.. before btc.D sets on and the ALT season sets in.
NFA- Trade carefully and take your profits as they come for scalpers/margin traders.
This could continue till 2nd to 3rd quarter 2023 before we can begin to see a reasonable market turn around. In between, it is expected to see a more market consolidation/ranging period.
BTC has > 50% of dropping within that red box and equally bouncing from it.Also take note of the previous capitulation volume and RSI over the years and compare to what we have presently, this might be a sign that are we are nearing the nadir.. before btc.D sets on and the ALT season sets in.
NFA- Trade carefully and take your profits as they come for scalpers/margin traders.
Note
It is time...Lets see what July brings...!!This monthly closing above 23k will consolidate my believe that 17,622 is this bear cycle bottom..
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Disclaimer
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.