I've been following BTC since 2017 of the 19k, and tanking below 5K.
Lovely trip back passed 14K and we saw another drop and the black swan event of The vid!
Then we watched as we blew passed 5K and getting back to the heavy resistance of 10K.
BTC went sideways nearly 7 months before pumping to 60K and setting another all time high.
Currently on our way down similar to the previous cycle runs.
I personally do not think BTC will go below 10K, could be totally wrong. But BTC usually corrects 80-85%, which puts us near 13-15K.
I don't see BTC making any huge positive moves until we correct, which would maybe put the correction of 85% near September to December if we are thinking back to the other cycles.
All the current market turmoil. Banks. Blah blah blah. Insert Bear thoughts here.
MACD is getting close to bearish movement, and we just went below the 200 EMA/200 SMA.
1.618 Fib movement puts us just below 10k but there was so much buying support at 10k not worried about it.
Currently we will bounce back and forth, and We will go sideways before a big drop. Just sus until then.
I hope to accumulate from 15k-10K and just dollar cost average in. Hopeful to own 1 BTC before we actually reach ATH's again.
Put in some text for reference of colors.
These dates are not exact by any means, but the cycle is following its course.
Disclaimer.
This Is BTC on Coinbase, I know BTC has been around longer.
Coinbase could collapse, but BTC still its own thang.
This is on a weekly time frame much slower moves.
I am not a financial advisor.
This is not financial advise, but my own personal opinions/analysis.
Invest with what you are comfortable with losing possibly 100%.
Do your own research, and be patient!
I personally do not hold BTC. I missed all the other runs, and have not stuck with the dollar cost averaging like I hoped.
I want feed back or other ideas to add to this. I hope the symbols and colors of fonts matching helps as a legend for the things I market.
Lovely trip back passed 14K and we saw another drop and the black swan event of The vid!
Then we watched as we blew passed 5K and getting back to the heavy resistance of 10K.
BTC went sideways nearly 7 months before pumping to 60K and setting another all time high.
Currently on our way down similar to the previous cycle runs.
I personally do not think BTC will go below 10K, could be totally wrong. But BTC usually corrects 80-85%, which puts us near 13-15K.
I don't see BTC making any huge positive moves until we correct, which would maybe put the correction of 85% near September to December if we are thinking back to the other cycles.
All the current market turmoil. Banks. Blah blah blah. Insert Bear thoughts here.
MACD is getting close to bearish movement, and we just went below the 200 EMA/200 SMA.
1.618 Fib movement puts us just below 10k but there was so much buying support at 10k not worried about it.
Currently we will bounce back and forth, and We will go sideways before a big drop. Just sus until then.
I hope to accumulate from 15k-10K and just dollar cost average in. Hopeful to own 1 BTC before we actually reach ATH's again.
Put in some text for reference of colors.
These dates are not exact by any means, but the cycle is following its course.
Disclaimer.
This Is BTC on Coinbase, I know BTC has been around longer.
Coinbase could collapse, but BTC still its own thang.
This is on a weekly time frame much slower moves.
I am not a financial advisor.
This is not financial advise, but my own personal opinions/analysis.
Invest with what you are comfortable with losing possibly 100%.
Do your own research, and be patient!
I personally do not hold BTC. I missed all the other runs, and have not stuck with the dollar cost averaging like I hoped.
I want feed back or other ideas to add to this. I hope the symbols and colors of fonts matching helps as a legend for the things I market.