I don't think we will go lower, it will prob follow this pattern for few days or weeks. I also don't think we will shoot up to the moon anytime soon. We need to wait untill we getting close to the next bitcoin halving 2024. Just buy every month and hold. You'le thank me later.
If so, could be a 19-20% price move. Measured from the head to the blue line/
or already in a long, that's why you prob should be in a short (short timeframe) :) Just thinking out loud here ...
Green zone: dollar-cost-average in the market (buy) Red zone: dollar-cost-average OUT the market (sell) (this is optional, if you understand that bitcoin is here to stay and can hold for decades ...) It is that simple based on the history.
then you have to aggree that a pullback of 85% would not be following the trend after you look at the lastest run up from ATH. The trend atm is that you can't base it on previeus runs. This bearmarket will also not be similar to previous runs in %. Prove me wrong.
I really think the price won't get any lower. People in financial problems has neven been higher, doesn't make sense to make btc cheap again. We will go sideways for months and months (with some beartraps) ... Just buy every month and forget about it, look back the soonest in 2024 ... You will thank me later ;)
Unless blackswan ofc ... If it can enter massive triangle again and break to the upside good times coming. Also the divergance on the weekly is looking promising!
Is all a long term holder has to have to know when to buy. No mambo jumbo exactly predictions ... Historically looking, green area is where you sell everthing you own to buy and red area is where you cry because you aint got nothing left to sell to buy even more ... And this means WORST PLACE to sell. These prices we are right now you buy not sell! I'm 100 sure...
Long term holders should be buying at the white line. I'm worried about a black swan event but this may come in a few months or year ... Vertical lines are the BTC halving events.
First halving: 28 nov 2012 Second halving: 9 july 2016 Third halving: 11 may 2020 Fourth halving: Around 2024
When we at 66k BTC ppl saying we go to 80k When we at 34k ppl saying we go to 20k ..... If you didn't sold yet, i wouldn't do it now ... Just wait few more days, aslong their is no global cyberattack or war we should be fine =)
The chance this will play out is for 100% sure, less then 50% possible BUT it looks nice :) Triangle followed by a H&S
Just making some possible patterns that may play out long term, will see how it goes!
I copied the bar pattern when we came again above the red line after the 'LOCK-STEP' event and moved it before the event. Just funny how many things you can find in these chart if you just keep looking and looking and looking ... :) Just wanna point this out nothing to base a trade on ...
Also don't forget 'by design' cyberattack coming to take down our financial system as we know it. Begin december they did a 'simulation' ... look it up
We are going down, 100% sure I'm 51% right! Etc etc etc etc etc
We prob not see anymore lower ADA price ... I hope I'm not wrong this time xD
This really doesn't look good. Makes me wanna long the Australian way ... I hope I'm wrong ...