Bitcoin Weekly Momentum
<=3 days left until the close of the weekly. A week when at least 6 consecutive days were down. Red. Booyakasha.
DCA army heaven for sat stacking plebs on the way to #getonzero.
No, seriously though, i am of the opinion that the weekly chart is important regardless whether you're a trader (swing, momentum, day, intraday, scalper, position, seasonal, cyclical) or an investooor, a HODLer, an OG, or a tourist.
And what about the weekly chart? Well, we seemed to have reached maximum contention. The 3rd epoch of ~1 year long bear market, or correction (in a form of ~83% crash/drawdown).
Here are some key points:
Lowest RSI since last bottom
The latest we could see a bottom could be between September 2022 to February 2023
The purple dotted/dashed line represents the longterm support since 2012. 10 year support for the best performing asset in history. The phenomenon of computer science and finance.
Will June 2022 to March 2023 represent the best opportunity to buy bitcoin at the cycle lows before never seeing bitcoin sub 50K again?
Let me know
DCA army heaven for sat stacking plebs on the way to #getonzero.
No, seriously though, i am of the opinion that the weekly chart is important regardless whether you're a trader (swing, momentum, day, intraday, scalper, position, seasonal, cyclical) or an investooor, a HODLer, an OG, or a tourist.
And what about the weekly chart? Well, we seemed to have reached maximum contention. The 3rd epoch of ~1 year long bear market, or correction (in a form of ~83% crash/drawdown).
Here are some key points:
Lowest RSI since last bottom
The latest we could see a bottom could be between September 2022 to February 2023
The purple dotted/dashed line represents the longterm support since 2012. 10 year support for the best performing asset in history. The phenomenon of computer science and finance.
Will June 2022 to March 2023 represent the best opportunity to buy bitcoin at the cycle lows before never seeing bitcoin sub 50K again?
Let me know
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