#BTC
Bitcoin will likely Monthly Close below the 50-Month EMA if Bitcoin:
- Continues to fail to reclaim the February/March lows (blue) as support
- Keeps experiencing declining buy-side volume
$BTC #Crypto #Bitcoin https://t.co/tEpDiX2iGr
BTCActivation price $63,984.28Direction ShortType ConditionalTrigger Break Below 65722Timeframe Long
Max Favorable +2.7%Max Adverse −2.2%ACTIVE
#BTC
Bitcoin will likely go up for as long as needed to convince as many people as possible of a new Bull Run beginning
And then it will pullback to continue its Bear Market
$BTC #Crypto #Bitcoin
BTCActivation price $66,531.62Direction LongType DirectionalTimeframe Long
Max Favorable +0.2%Max Adverse −0.7%ACTIVE
Unpopular #BTC opinion
The current 6-Month Candle could ultimately close as red
$BTC #Crypto #Bitcoin
BTCActivation price $66,360.01Direction ShortType DirectionalTimeframe Long
Max Favorable +0.5%Max Adverse −0.9%ACTIVE
#BTC
In Bear Markets, every rally ends as a Macro Lower High
Every price cluster develops a range of Re-Distribution
Old supports turn into new resistances
But at some point, Bitcoin will finally find a Bear Market Bottom and a new Macro Uptrend will emerge
Every advance will register a Higher High
Every price cluster will develop a range of Re-Accumulation
And old resistances would turn back into new supports
The Bear Market is over 70% complete
Not long left before Bitcoin finally turns macro bullish for the next few years
$BTC #Bitcoin
BTCActivation price $62,048Direction LongType DirectionalTimeframe Long
Max Favorable +4.3%Max Adverse −0.3%ACTIVE
#BTC
It's official
Bitcoin has Monthly Candle Closed below the 50-Month EMA (purple)
Which is exactly what tends to happen at this very moment in the cycle when comparing historical cycles
Generally, prices tends to lose the 50-Month EMA and then turn it into new resistance before additional downside over time
$BTC #Bitcoin
BTCActivation price $58,443.63Direction ShortType ConditionalTrigger Acceptance Below / Flip Bearish 63000Timeframe Long
PENDING TRIGGER