Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.
코멘트:
Higher
코멘트:
Although this idea states higher no matter what, keep in mind that it is on the daily chart and meant to be "big picture" in the long term. My grey line range even shows the possibility of going back down to 48k before breaking back to the upside. Either way it will be bullish and still play out the cup and handle pattern.
코멘트:
If you plan to hold long term don't panic, 58k is the bottom but even black swan ww3 lower still means 200k is on the horizon - cup and handle.
코멘트:
we might have already bottomed
코멘트:
sike...