Roni John
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Bullish
$BTC 🔥 The 4-year cycle of Bitcoin, is it still true, guys? With the market having dropped from 126K to the 8x range and staying flat for a whole month, even the most bullish people like me are feeling quite discouraged! So, has a downtrend begun?
In fact, it has been in a downtrend for 3 months now! Liquidity is gone, the market is gloomy, and news causes it to crash whether it’s good or bad! Currently, the market has nothing but pumping Futures and junk coins!
BUT! Looking at the rainbow chart of Bitcoin, you can see that the current price area of 88K is approaching the PURPLE AREA. As in previous cycles, this has almost confirmed the bottom!
We will not be able to know how far the downtrend will go in price or when it will end. What we can do is manage risk. So buying Bitcoin at this time is already a great opportunity for long-term accumulation!
The 4-year cycle may be correct, but it no longer has absolute accuracy. Next year we will have a new FED chairman, and we have a good price range to buy!
Currently, I still have quite a lot of BTC or $ETH and will remain confident! I believe this is "almost the bottom" of this downtrend cycle. Just hunting junk coins Long Short, guys 😅
In fact, it has been in a downtrend for 3 months now! Liquidity is gone, the market is gloomy, and news causes it to crash whether it’s good or bad! Currently, the market has nothing but pumping Futures and junk coins!
BUT! Looking at the rainbow chart of Bitcoin, you can see that the current price area of 88K is approaching the PURPLE AREA. As in previous cycles, this has almost confirmed the bottom!
We will not be able to know how far the downtrend will go in price or when it will end. What we can do is manage risk. So buying Bitcoin at this time is already a great opportunity for long-term accumulation!
The 4-year cycle may be correct, but it no longer has absolute accuracy. Next year we will have a new FED chairman, and we have a good price range to buy!
Currently, I still have quite a lot of BTC or $ETH and will remain confident! I believe this is "almost the bottom" of this downtrend cycle. Just hunting junk coins Long Short, guys 😅
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