Don't you miss the NEXT BULL RUN!
Updated
We are at the very good zone for accumulation if you still believe in the future of BTC, considering upside vs downside that is 1:3 at least.
I did a rough cycle count here in 2 cases:
1st is the most likely for now: 60k might be the significant top that will last very long and BTC will go into a sideway asset in the next decade. Yet it is still very volatile 300% + volatility.
2nd is the super bullish. It is that we shoot up and trending above 60k with conviction to finish a very large cycle.
BOTH CASES INDICATE THAT IT IS TESTING AT LEAST ATH. I am pretty bullish on this and as aforementioned 1:3 RR is considered very good setup if you don't factor in a time-exposure.
For mid-term, I find it does not done correcting yet. We might side way around this area for a while with some false break. I am thinking it is doing 4th (just done a of A for the 4th and is currently heading down for b of A.) If this is the case I am not expecting the new swing low soon and we are going for a sideway market for a while.
I did a rough cycle count here in 2 cases:
1st is the most likely for now: 60k might be the significant top that will last very long and BTC will go into a sideway asset in the next decade. Yet it is still very volatile 300% + volatility.
2nd is the super bullish. It is that we shoot up and trending above 60k with conviction to finish a very large cycle.
BOTH CASES INDICATE THAT IT IS TESTING AT LEAST ATH. I am pretty bullish on this and as aforementioned 1:3 RR is considered very good setup if you don't factor in a time-exposure.
For mid-term, I find it does not done correcting yet. We might side way around this area for a while with some false break. I am thinking it is doing 4th (just done a of A for the 4th and is currently heading down for b of A.) If this is the case I am not expecting the new swing low soon and we are going for a sideway market for a while.
Note
Still think the same unless the price action sustained below 17k for a long time, manage your capital as a risk management is the best way to play it in this kind of situation
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